Whenever Average Profit Is Less Than Marginal Profit

question 6

Multiple Choice

Whenever average profit is less than marginal profit:

• A) average profit declines with increases in output.
• B) marginal profit decreases with increases in output.
• C) marginal profit increases with increases in output.
• D) average profit is maximized.
• E) average profit increases with increases in output.

---

Definitions:

Defamation

Defamation is the act of communicating false statements about a person that injure the reputation of that person.

Prove Negligence

The legal requirement to establish that a party failed to take reasonable care, resulting in harm or damage to another.

Recover

The process of regaining possession or control of something lost or taken away, or of obtaining compensation or reparation for loss or damage.

Privilege

An exclusive privilege or benefit given to a specific individual or group.