Average Total Cost Necessarily Rises Due to Which of the Following

question 168

Multiple Choice

Average total cost necessarily rises due to which of the following?
(i) rising marginal cost
(ii) increasing marginal product
(iii) decreasing marginal cost

• A)(i) only
• B)(i) and (ii)
• C)(ii) only
• D)none of the above

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Definitions:

Wavelength

The distance between corresponding points of two consecutive waves, commonly associated with the characteristics of waves in physics, such as light and sound.

Axons

Long, threadlike structures of neurons that carry nerve impulses away from the cell body.

Dendrites

Branched extensions of a neuron that receive signals from other neurons and transmit them toward the cell body.

Signal Detection Theory

A means to quantify the ability to discern between information-bearing patterns and random noise that is characteristic of much stimuli.