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:

Due Process

The legal requirement that the state must respect all legal rights that are owed to a person, including fair treatment through the normal judicial system.

U.S. Constitution

is the supreme law of the United States of America, establishing the national government, fundamental laws, and guaranteeing certain basic rights for its citizens.

Self-Incrimination

The act of implicating oneself in a crime, protected against in many legal systems by the right to remain silent.

Fifth Amendment

A provision in the U.S. Constitution that, among other protections, prevents individuals from being compelled to incriminate themselves.