Which of the Following Must Always Be True as the Quantity

question 165

Multiple Choice

Which of the following must always be true as the quantity of output increases?

• A)Marginal cost must rise.
• B)Average total cost must rise.
• C)Average variable cost must rise.
• D)Average fixed cost must fall.

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Definitions:

Abducens Nerve

The sixth cranial nerve, responsible for controlling the lateral rectus muscle of the eye, which abducts the eyeball (moves it outward).

Sampling Distribution

The distribution pattern of probabilities for a certain statistic gathered from a random sample.

Population Means

The average value of a given characteristic within an entire population.

Independent Samples

Refers to two or more groups of data that are collected from distinct populations, where the observations in one group are not related to or influenced by the observations in the other group.