When Marginal Cost Exceeds Average Total Cost

question 289

Multiple Choice

When marginal cost exceeds average total cost,

• A)average fixed cost must be rising.
• B)average total cost must be rising.
• C)average total cost must be falling.
• D)marginal cost must be falling.

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Definitions:

Reasonable Notice

Length of notice to be given to an employee to terminate an employment contract of indefinite term; determined with reference to length of service and the nature of the employee’s position, among other factors.

Unfair Labour Practice

Acts by employers or unions that violate employees' rights and undermine fair labor standards.

Union Representative

A union representative is an individual elected or appointed to represent the interests of union members in discussions and negotiations with employers.

Annual Wage Increase

A periodic, typically yearly, rise in the base salary or wages of an employee.