Which of the Following Is True If the Total Cost

question 113

Multiple Choice

Which of the following is true if the total cost curve is rising?

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

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Definitions:

Strategic Objectives

Strategic objectives are specific goals a company sets to achieve its long-term vision, providing direction and framework for operational planning and decision-making.

Target Costing

A pricing strategy in which the selling price is set first, and then the production cost is reduced to meet the profit margin.

Cost Savings

The reduction in costs achieved through efficient management, production processes, or other savings strategies.

Product Design

The process of ideating, creating, and iterating products that solve users' problems or address specific needs in a given market.