Marginal Cost _____ Over the Range of Increasing Marginal Returns

question 234

Multiple Choice

Marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.

• A)increases;decreases
• B)decreases;increases
• C)is constant;decreases
• D)increases;is constant

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Definitions:

Evaluative Adjectives

Adjectives used to express an assessment or judgment about the quality, value, or condition of someone or something.

Open-Minded

Means that a person is tolerant of divergent views and sensitive to the possibility of his or her own possible biases. An open-minded person respects the right of others to have different opinions.

One-Way Street

A situation or condition that allows movement or action in only one direction, often used metaphorically to describe a non-reciprocal relationship.

Acceptability

The quality of being accepted as appropriate, suitable, or worthy of approval.