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

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Definitions:

Same Object

Referring to an item that is identical in nature, character, or function to another, often used in discussions about perception and cognition.

Develop

The process of growth, progress, or evolution through successive stages in natural, social, or organizational contexts.

Least Developed

Refers to countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the weakest indicators for human and income rights.

Denver Developmental Screening Test

Screening test given to children 1 month to 6 years old to determine whether they are developing normally.