If Marginal Cost Is Below Average Total Cost, Then Average

question 488

Multiple Choice

If marginal cost is below average total cost, then average total cost

• A)is constant.
• B)is falling.
• C)is rising.
• D)may rise or fall depending on the size of fixed costs.

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Definitions:

Consolidation Failure

A cognitive process flaw where newly learned information fails to be stored correctly in long-term memory.

Proactive Interference

A phenomenon where older memories interfere with the recall of newer memories.

Reactive Interference

A phenomenon wherein newer information interferes with one's ability to recall older information.

Retroactive Interference

A memory disruption that occurs when newly learned information interferes with the recall of previously learned information.