If the Average Variable Cost Curve Is Above the Marginal

question 342

Multiple Choice

If the average variable cost curve is above the marginal cost curve, then

• A) marginal costs must be decreasing.
• B) average variable costs must be increasing.
• C) marginal costs must be increasing.
• D) marginal costs can be either increasing or decreasing.

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Definitions:

Sales Pitch

A brief presentation that outlines the main features and benefits of a product or service to persuade potential customers to buy.

Center of Influence

An individual or organization that has a significant impact on the opinions or actions of a specific group of people.

Prospect List

A compiled list of potential customers or clients who may be interested in a company's products or services, often used for sales and marketing efforts.

Prospect

A potential customer or client who has been identified as fitting the target demographic and likely to be interested in a company's product or service.