Which of the Following Is True If the Total Variable

question 113

Multiple Choice

Which of the following is true if the total variable cost curve is increasing at an increasing rate?

• A) Average fixed cost is increasing.
• B) Marginal cost is decreasing.
• C) Marginal cost is increasing.
• D) Average fixed cost is constant.

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Definitions:

Randomly Assign

The process of distributing participants in a study into different groups using random methods to ensure that each participant has an equal chance of being assigned to any group.

Variable

A characteristic or quantity that can vary or change within a study, research, or mathematical model.

Conditions

General states or situations in which something occurs or has an effect.

Independent Variable

In studies involving experimentation and statistics, it's the variable that is altered or controlled to see its impact on a dependent variable.