Average Cost

question 3

Multiple Choice

Average cost

• A)increases and eventually begins to decrease.
• B)is equal to marginal cost at its minimum.
• C)is always greater than marginal cost.
• D)is total cost/price of the product.

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Definitions:

Endocrine

Pertaining to glands that secrete hormones directly into the bloodstream to regulate body processes.

Positive Feedback

A process where the output or effect of a system increases the activity or process in the same direction.

Nervous System

A complex network of nerves and cells (neurons) that transmit signals between different parts of the body, coordinating behavior, movement, and physiological processes.

Endocrine Organ

Glands in the body that release hormones directly into the bloodstream to regulate various bodily functions.