As Output Is Expanded, If MC Is Less Than ATC

question 171

Multiple Choice

As output is expanded, if MC is less than ATC,

• A) ATC must be at its minimum.
• B) ATC must be at its maximum.
• C) ATC must be decreasing.
• D) the firm must be earning economic profit.

---

Definitions:

Written Notice

A formal, documented communication required in many legal situations to officially inform a party of certain actions or intentions.

Oral Notice

Notification or communication of information conveyed through spoken words rather than written form.

Commercial Illegality

The state of being contrary to the laws governing commerce and business practices.

Commercial Impracticability

A doctrine in contracts law where a party may be relieved from performing under a contract, due to unforeseen and impractical hardships, not within the contemplation of the parties at the time of the contract’s formation.