If the Average Cost of Producing a Good Is Increasing

question 40

Multiple Choice

If the average cost of producing a good is increasing as a firm produces more of the good,then which of the following must be TRUE?

• A) AFC is falling.
• B) AVC is rising.
• C) MC > AVC.
• D) All of the above.

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Definitions:

Humanity

The collective term for all human beings, or the qualities that characterize human beings, such as benevolence, compassion, and the ability to think and reason.

Red And Green

Often considered opposites on the color wheel, this color combination is known for its striking contrast and has various cultural, psychological, and artistic implications.

Parisian Dance Halls

Social venues in Paris famous for public dancing, music, and entertainment, which were particularly popular from the 19th to the early 20th century.

Subjects

In various contexts, it refers to the individuals under the authority of a ruler, topics of study or discussion, or the primary themes in literature and art.