As Output Increases, Average Cost Decreases Continually Because

question 81

Multiple Choice

As output increases, average cost decreases continually because

• A) average variable cost per unit is increasing.
• B) average fixed cost per unit is decreasing.
• C) total variable cost is increasing.
• D) total variable cost is decreasing.
• E) total fixed cost is reducing.

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Definitions:

Negligent Misrepresentation

A false statement made carelessly that causes someone to incur a loss or damage, often addressed in cases of fraud or deceit.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract under false beliefs.

Duress

A situation where a person is compelled to act against their will or make a legal decision under the threat of harm.

Undue Influence

Refers to the excessive pressure or influence one person exerts over another to coerce them into a legal agreement, undermining their free will.