Which of the Following Is True About the Relationships Among

question 71

Multiple Choice

Which of the following is true about the relationships among various cost curves?

• A)When MC exceeds ATC,ATC must be rising.
• B)When MC exceeds ATC,ATC could be rising or falling.
• C)When ATC is falling,MC must exceed ATC.
• D)When TC is rising,MC must exceed TC.
• E)TC falls when AFC falls.

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Definitions:

Naive Psychologists

A term used to describe how ordinary people make sense of their own and others' behavior or actions as if they are amateur psychologists.

Interpersonal Relationships

Connections and interactions between two or more people, often based on emotional or social bonds.

Common Sense

Practical judgement concerning everyday matters, or a basic ability to perceive, understand, and judge things shared by nearly all people.

Learned System

A body of knowledge or behaviors acquired through experience or education rather than being instinctual.