(Table: Cost Data) Look at the Table Cost Data

question 259

Multiple Choice

(Table: Cost Data) Look at the table Cost Data.When the purse factory produces five units of output (purses) , which of the following is true about the firm's cost curves?

• A)Marginal cost is greater than average total cost, and average total cost is rising.
• B)Average total cost is greater than average variable cost, and average variable cost is falling.
• C)Marginal cost is below average variable cost, and average variable cost is falling.
• D)Marginal cost is above average variable cost and below average total cost, and average total cost is rising.

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Definitions:

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord occurring early in pregnancy due to incomplete development of the neural tube.

Folic Acid

A B-vitamin necessary for cell growth and metabolism, important for pregnant women to prevent neural tube defects in the fetus.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the rest of the body and returns carbon dioxide from the body to the lungs to be exhaled.

Mineral Supplement

A product taken orally that contains minerals which the body needs for good health but may not be consuming in sufficient amounts through diet alone.