If Average Variable Cost Is Falling,then

question 86

Multiple Choice

If average variable cost is falling,then:

• A)average fixed cost is rising.
• B)marginal cost must be falling.
• C)marginal cost must be rising.
• D)marginal cost lies below average variable cost.
• E)marginal cost lies above average variable cost.

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Definitions:

Creative Production

The process of generating original ideas, concepts, or works that have value, often within artistic or innovative contexts.

Business Venture

is an entrepreneurial enterprise, often new or risky, that is initiated by an individual or partnership to seek profit through unique strategies or markets.

Enterprise Control

A management function focusing on setting and implementing strategies to guide the overall direction and operations of a business.

Intolerance for Ambiguity

A personality trait where an individual has difficulty coping with situations that are uncertain or unclear.