If the Short-Run Average Variable Costs of Production for a Firm

question 356

Multiple Choice

If the short-run average variable costs of production for a firm are rising, then this indicates that

• A)average total costs are at a maximum.
• B)average fixed costs are constant.
• C)marginal costs are above average variable costs.
• D)average variable costs are below average fixed costs.

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Definitions:

Edematous

Describing tissue that is swollen due to the accumulation of excess fluid in the body’s tissues.

Hydrocele

A fluid-filled sac surrounding a testicle that causes swelling in the scrotum, common in newborns.

Inguinal Hernia

A condition where tissue, such as part of the intestine, protrudes through a weakened spot in the abdominal muscles near the groin area.

Strabismus

A condition where the eyes do not properly align with each other when looking at an object, commonly known as crossed eyes.