If Marginal Cost Is Greater Than Average Total Cost, Then

question 428

Multiple Choice

If marginal cost is greater than average total cost, then

• A)profits are increasing.
• B)economies of scale are becoming greater.
• C)average total cost remains constant.
• D)average total cost is increasing.

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Definitions:

Monocyte

A type of white blood cell that plays a significant role in the immune system by differentiating into macrophages and dendritic cells.

Bilirubin

A yellow pigment that is a byproduct of the breakdown of red blood cells, and its levels are measured to assess liver function.

Erythropoiesis

The process through which new red blood cells are produced in the bone marrow.

Jaundice

A medical condition characterized by yellowing of the skin and the whites of the eyes, caused by the accumulation of bilirubin in the blood.