If AFC Is Falling Then MC Must Be

question 136

Multiple Choice

If AFC is falling then MC must be

• A)rising.
• B)falling.
• C)above AFC.
• D)below AFC.
• E)none of the above

---

Definitions:

Quantity Purchased

The total amount of a product that a consumer or company acquires.

Cost Purchased

The total price paid to acquire goods or services, including the purchase price and any additional charges necessary to obtain the asset.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals and manage inventory levels.

Beginning Units

The quantity of inventory on hand at the start of an accounting period.