As Output Is Expanded, If MC Is More Than ATC

question 3

Multiple Choice

As output is expanded, if MC is more than ATC ,

• A) ATC must be at its minimum.
• B) ATC must be at its maximum.
• C) ATC must be increasing.
• D) ATC must be constant.

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A type of bond that is purchased at a price lower than its face value, with the face value being repaid at the time of maturity. It does not pay periodic interest.

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Financial derivatives that give the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain period.

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