If Marginal Cost Increases When Output Increases,then

question 155

Multiple Choice

If marginal cost increases when output increases,then

• A) marginal product must decrease when output increases.
• B) average fixed cost is constant.
• C) total cost is constant.
• D) average variable cost must increase when output increases.
• E) average total cost must decrease when output increases.

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Definitions:

Supportive

Providing encouragement, assistance, or comfort to others.

Charismatic

Refers to a personal attribute or quality that enables individuals to influence, inspire, and captivate others through their presence, speech, or actions.

Servant Leadership

A leadership philosophy that emphasizes the role of the leader as serving the needs of others first, promoting the growth, well-being, and performance of followers.

Empowering Leadership

Leadership that focuses on giving team members autonomy, resources, and the confidence to make decisions and take initiatives.