If Marginal Cost Exceeds Average Variable Cost, Then ________ Cost

question 313

Multiple Choice

If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases.

• A) average total; at a maximum
• B) average total; falling
• C) average variable; rising
• D) average fixed; at a maximum

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Definitions:

Force Field Analysis

A management technique developed by Kurt Lewin to analyze the forces that influence a situation, identifying both driving and restraining forces that affect change.

Systematic Analysis

A structured and methodical approach to studying or examining a problem or situation by breaking it down into its component parts.

Factors

Elements or components that contribute to producing a result or influencing a situation.

Cultural Change

The transformation in the values, norms, customs, and practices of a group or society over time.