When Marginal Cost Is Rising, the Average Total Costs

question 67

Multiple Choice

When marginal cost is rising, the average total costs:

• A) could be rising or falling.
• B) must be rising.
• C) must be falling.
• D) must be constant.

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Definitions:

Core Competencies

Unique strengths and abilities of a company that provide a competitive advantage and are difficult for competitors to imitate.

Societal Benefits

Refers to advantages or positive impacts that actions, policies, or products have on the wider community or society as a whole.

Unfair Competition

Practices that are unjust or deceptive in the marketplace, infringing on the rights of others to conduct business freely and equitably.

Ethical Issues

Situations or problems requiring a choice between conflicting moral principles or actions.