​Which of the Following Statements Is True

question 39

Multiple Choice

​Which of the following statements is true

• A)A firm should increase quantity as long as average cost is greater than price​
• B)A firm should increase quantity as long as price is greater than marginal cost
• C)A firm should increase quantity as long as price is higher than average cost,regardless of the marginal cost
• D)​A firm should increase quantity as long as marginal cost is greater than price

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Definitions:

Worker Productivity

The output of goods or services produced per unit of labor input.

Financial Flows

Financial flows refer to the movement of money for the purpose of investment, trade, or business operations, including the inflow and outflow of capital internationally.

E-payments

Electronic payments, methods of paying for goods and services electronically, without the use of physical money.

Credit Card Information

Personal and financial data associated with a credit card, including the card number, expiration date, and security codes.