Which of the Following Statements About Cost Is Correct

question 94

Multiple Choice

Which of the following statements about cost is correct?

• A) Marginal cost is constant.
• B) Marginal cost is always falling.
• C) Average total cost is U-shaped.
• D) Average total cost always declines.

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Definitions:

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Financial funding provided by the federal government to support research projects in areas like science, technology, education, and health.

ROTC Program

The Reserve Officers' Training Corps program that trains college students for future service in the branches of the United States military, offering scholarships in return for service commitments.

Interstate Highway System

A network of controlled-access highways in the United States, established by the Federal Aid Highway Act of 1956, designed to promote efficient transportation of goods and individuals across states.