Which of the Following Is Not Correct

question 34

Multiple Choice

Which of the following is not correct?

• A)If Average Variable Cost (AVC) are decreasing,Average Total Cost (ATC) must be decreasing.
• B)AVC reaches minimum before ATC.
• C)If ATC is increasing,AVC must be increasing.
• D)If AVC is increasing,Marginal Cost (MC) is increasing.
• E)If Average Fixed Cost (AFC) is decreasing,ATC must be decreasing.

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Definitions:

End Customer Needs

The requirements and preferences of the final consumer that products or services are designed to meet or exceed.

JIT Environment

Just-In-Time environment, a production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Layout Tactics

Strategies used in arranging machinery, equipment, and workforce within an operational area to optimize productivity and efficiency.

Waste

Describes materials or substances that are no longer useful in their current form and are discarded or disposed of.