If a Firm's Total Cost Rises as Output Rises,then

question 32

Multiple Choice

If a firm's total cost rises as output rises,then

• A)marginal cost is positive
• B)profit cannot be maximized
• C)total cost is minimized
• D)marginal cost equals marginal revenue
• E)the firm should shut down in the short run

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Definitions:

Service Document

A legal document or form that is served to parties involved in a legal process or transaction, indicating compliance with certain legal procedures or steps.

Ripeness

A measure of the readiness of a case for a decision to be made; designed to prevent premature litigation for a dispute that is insufficiently developed. A claim is not ripe for litigation if it rests on contingent future events that may not occur as anticipated or may not occur at all.

Moot

Moot refers to an issue that has been resolved or has become irrelevant, thus, no longer requiring a decision to be made by a court.

Concurrent Federal Jurisdiction

involves cases where both the federal and state courts have the authority to hear the same case.