When Marginal Cost Is Greater Than Average Cost,average Cost Is

question 19

Multiple Choice

When marginal cost is greater than average cost,average cost is

• A) rising.
• B) falling.
• C) constant.
• D) either rising or falling depending on the economies of scale.

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Definitions:

Revenue Streams

Different sources or methods through which a business generates income from its activities or assets.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage.

Sales Forecasts

Projections about future sales volumes based on analyses of market trends, historical sales data, and economic factors.

Industry-Wide Trends

General directions or patterns of change affecting an entire industry, including technologies, consumer behaviors, and regulatory environments.