-In the Above Figure, as Output Increases, the Distance Between

question 249

Multiple Choice

-In the above figure, as output increases, the distance between curves B and C decreases because

• A) total cost decreases as output increases.
• B) average fixed cost decreases as output increases.
• C) there are diminishing returns to average total cost.
• D) there are increasing marginal costs as output increases.

---

Definitions:

Legal Sanctions

Penalties or coercive actions that can be imposed by a legal authority in response to noncompliance with laws or regulations.

Morals

Principles or habits with respect to right or wrong conduct, guiding an individual's behavior in society.

Beyond a Reasonable Doubt

The highest standard of proof required in criminal trials to ensure the defendant's guilt is proven to such a certainty that there is no plausible reason to believe otherwise.

Preponderance of Evidence

The standard of proof in most civil cases, requiring more convincing evidence than the opposing side to win the case.