In the Previous Question,if Marginal Cost for the 101st Unit

question 8

Multiple Choice

In the previous question,if marginal cost for the 101st unit is $0.70,average variable cost must be

• A) rising.
• B) falling.
• C) remaining the same.
• D) equal to average total cost.
• E) undeterminable from the information given.

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Definitions:

Structuralist/Functionalist

A framework in social sciences that emphasizes the systemic interrelations and functions of social structures.

Talcott Parsons

An influential American sociologist known for his development of sociological theory, particularly regarding the role of social structures and the importance of societal equilibrium.

Fictive Kin

Close relations with people we consider “like family” but who are not related to us by blood or marriage.

Fictive Kin

Non-biological relationships that are recognized as functionally equivalent to family ties due to their emotional or social significance.