As Long as Average Revenue Remains Above Average Total Cost

question 84

Multiple Choice

As long as average revenue remains above average total cost:

• A)total revenue will be higher than total cost.
• B)the firm will be making profits.
• C)price will be greater than average total cost.
• D)All are correct.

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Definitions:

Biological Child

A child resulting from the genetic contribution of its parents, as opposed to being adopted or fostered.

Adoption

The legal process by which an individual or couple becomes the legal and permanent parent(s) of a child.

Surrogacy

The process where a woman carries and gives birth to a child on behalf of another person or couple.

Exploitative

Taking unfair advantage of someone, often in a vulnerable position, for one's own benefit or gain.