If the Average Variable Cost of Producing 10 Units Is

question 80

Multiple Choice

If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20, we know that, between 10 and 11 units of output,

• A)marginal cost is increasing.
• B)average total cost is increasing.
• C)average fixed cost is increasing.
• D)total cost is either increasing or decreasing.
• E)none of the above

---

Definitions:

Practices

Routinely performed actions or activities by individuals or groups in specific contexts, forming the basis of societal and cultural norms.

Organization

A group of people structured and managed to meet a particular goal or to carry out a specific set of tasks, often with a defined hierarchy and rules.

Glocalization

The practice of conducting business according to both local and global considerations, a blend of "globalization" and "localization."

Cultural Imperialism

The practice of promoting and imposing a culture, usually that of a dominant nation, over a less powerful society.