Where Marginal Cost Is Less Than Average Cost

question 49

Multiple Choice

Where marginal cost is less than average cost,

• A) opportunity cost must have been excluded from the calculation of marginal cost.
• B) marginal cost must be falling.
• C) marginal cost must be rising.
• D) marginal cost may be rising, falling, or constant.

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Definitions:

Triiodothyronine

A thyroid hormone, also known as T3, which plays a crucial role in regulating metabolism, heart rate, and body temperature.

Correct Abbreviation

A precise shortened form or acronym that accurately represents the expanded form of a word or phrase.

Thyroxine

A hormone produced by the thyroid gland, important for regulating metabolism.

Correct Abbreviation

A shortened form of a word or phrase that is officially recognized and widely accepted.