When Marginal Cost Curve Is Below an Average Cost Curve

question 153

Multiple Choice

When marginal cost curve is below an average cost curve, average cost is

• A)increasing with output.
• B)declining with output.
• C)not varying with output.
• D)none of the statements associated with this question are correct.

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Definitions:

Capacitive Proximity Sensor

A type of sensor that can detect the presence or absence of objects through changes in the electric field, without requiring physical contact.

Ultrasonic Sensor

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Refers to the movement or circulation of oil through a system, important for lubrication, cooling, and hydraulic purposes.