If the Marginal Cost of Producing the Tenth Unit of Output

question 134

True/False

If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of output is $2, then at ten units of output, average total cost is rising.

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Definitions:

Distinctiveness

The quality of being markedly different or unique in comparison to others.

Delay of Gratification

Delay of gratification denotes the ability to resist the temptation for an immediate reward and wait for a later, often greater reward.

High-calorie Dessert

Sweet dishes that are particularly rich in calories, often made with sugar, fats, and other energy-dense ingredients.

Weight-reduction Goals

Objectives or targets set with the intention of decreasing one's body weight through various methods, such as dieting or exercise.