As Output Increases,it Is Always True That

question 23

Multiple Choice

As output increases,it is always true that

• A) average total cost decreases.
• B) average variable cost is above marginal cost.
• C) average fixed costs decrease.
• D) total fixed costs increase.

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Definitions:

Stare Decisis

A legal principle that mandates courts to follow the rulings of previous cases in similar circumstances.

Equity

A branch of law that deals with justice and fairness, often providing remedies and relief that are not available under standard legal procedures.

Equitable Principles

Legal rules intending to enforce fairness and justice, often applied in situations where traditional laws might produce an inequitable outcome.

Money Damages

Compensation awarded to a plaintiff to recover losses suffered as a result of the defendant's wrongful actions.