​If Marginal Cost (MC)is Higher Than Average Cost (AC),average Cost

question 73

Multiple Choice

​If Marginal Cost (MC) is higher than Average Cost (AC) ,average cost is

• A)​falling
• B)rising
• C)constant
• D)​none of the above

---

Definitions:

Quality Education

An education that provides learners with the knowledge, skills, values, and attitudes necessary to lead productive lives and positively contribute to society.

Heterogeneous Population

A diverse group of individuals differing in various attributes such as age, gender, ethnicity, or socioeconomic status.

Alcoholism

A chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Implicit Marginal Tax Rate

The rate at which additional income is taxed, including the loss of government benefits or subsidies as income rises.