If Marginal Cost Exceeds Average Variable Cost but Is Less

question 237

Multiple Choice

If marginal cost exceeds average variable cost but is less than average total cost, then as output increases average total cost ________ and average variable cost ________.

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

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Definitions:

International Sale Of Goods

Transactions involving the commercial exchange of goods between sellers and buyers from different countries, governed by international agreements and laws.

United Nations

An international organization founded in 1945, composed of sovereign states, aimed at promoting peace, security, and cooperation among nations.

Acceptance To A Contract

The act of agreeing to the terms of a contract, thereby completing the process of its formation.

Additional Terms

Additional clauses or stipulations added to a contract or agreement that are not part of the original proposal or negotiation.