When the Average Variable Cost Curve Is "U-Shaped" and Not

question 72

Multiple Choice

When the average variable cost curve is "u-shaped" and not everywhere upward or downward sloping, marginal cost will:

• A)never intersect the average variable cost curve.
• B)never equal marginal revenue.
• C)intersect or "bisect" the average variable cost curve at its minimum.
• D)always be increasing.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Expenses

Costs or charges incurred in the process of conducting activities or achieving objectives, such as living costs or business expenditures.

Student Loan Disbursement

The process by which loan funds are made available to a student by the lending institution, often sent directly to the educational institution to cover tuition and fees.

Income

The money received, especially on a regular basis, for work or through investments.