Assuming Fixed Costs Are Positive,over a Range of Output in Which

question 43

Multiple Choice

Assuming fixed costs are positive,over a range of output in which average total costs were constant,

• A) average variable costs would be constant as output increases.
• B) average variable costs would be falling as output increases.
• C) average variable costs would be rising as output increases.
• D) marginal cost would be less than average variable cost.

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Definitions:

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information and encoding memory.

Menarche

A girl’s first menstrual period, signaling that she has begun ovulation. Pregnancy is biologically possible, but ovulation and menstruation are often irregular for years after menarche.

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The release of an egg from an ovary, a critical part of the female's menstrual cycle and necessary for reproduction.

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The phase in the menstrual cycle where the uterus sheds its lining, resulting in bleeding through the vagina.