If Average Cost Is Decreasing

question 10

Multiple Choice

If average cost is decreasing,

• A)marginal cost equals average cost.
• B)marginal cost exceeds average cost.
• C)marginal cost is less than average cost.
• D)Not enough information is provided.

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Definitions:

Humanistic Therapy

A therapeutic approach emphasizing an individual's innate potential for growth and self-actualization, focusing on the present and future instead of the past.

Insight

The capacity to gain an accurate, deep intuitive understanding of a person or thing.

Counterconditioning

A behavior therapy technique that involves replacing an undesirable response to a stimulus with a more desirable one.

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety responses through gradual exposure to the feared object or situation, combined with relaxation exercises.