When the Average Physical Product Is Rising

question 367

Multiple Choice

When the average physical product is rising

• A) total cost is falling.
• B) average total cost is increasing.
• C) average variable cost is falling.
• D) marginal cost is always rising.

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Definitions:

On Demand

A service or product made available whenever requested by a customer, often implying immediate or quick delivery.

Acceleration Clause

A provision in a loan contract that allows the lender to demand immediate repayment of the entire loan amount if certain conditions are breached.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Negotiable

Able to be transferred or endorsed to another party in exchange for money or as part of a contractual agreement.