Consider a Firm's Short-Run Cost Curves

question 43

Multiple Choice

Consider a firm's short-run cost curves.If average total cost is increasing as output rises,then

• A)total fixed costs must be increasing.
• B)average fixed costs must be increasing.
• C)average variable cost must be increasing.
• D)marginal cost must be below average total cost.
• E)average total cost is no longer equal to the sum of average variable cost and average fixed cost.

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Definitions:

Gradual Emancipation

A series of acts passed in state legislatures throughout the North in the years following the Revolution that freed slaves after they reached a certain age, following lengthy “apprenticeships.”

Free Blacks

Encompasses African Americans who were not enslaved during the period of American history before the Civil War, enjoying a status of legal freedom, though often facing racial discrimination and inequality.

Citizenship Rights

The rights and privileges granted by a state to its citizens, typically including the right to vote, work, and live in the country, and receive protection from the state.

Discriminatory Laws

Legislation that enacts inequality or unfair treatment of individuals or groups based on race, gender, age, or other criteria.