Which of the Following Statements Is (Are) TRUE

question 30

Multiple Choice

Which of the following statements is (are) TRUE?
I. If marginal cost is rising, the average total cost must be rising.
II. The marginal cost curve intersects both the average total and average variable cost curves at their minimum points.
III. If marginal cost is less than average variable cost, the average variable cost curve is negatively sloped.

• A) I, II, and III
• B) I and III
• C) II
• D) II and III

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Definitions:

Team Members

Individuals who are part of a group working together towards a common goal or objective.

Virtual Team

A group of individuals who work together from different geographical locations using technology to communicate and collaborate.

Computer Mediation

Refers to the use of computers and digital platforms to facilitate or manage interactions and communication between individuals or groups.

Virtual Teams

Groups of people who work together from different geographic locations and rely on communication technology such as email, video or voice conferencing services to collaborate.