A Firm's Short-Run Marginal Cost Curve Is Decreasing When

question 79

Multiple Choice

A firm's short-run marginal cost curve is decreasing when

• A)average fixed cost is increasing.
• B)total fixed cost is decreasing.
• C)marginal product is decreasing.
• D)marginal product is increasing.
• E)capacity is reached.

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Definitions:

Life Tenant

A Life Tenant is an individual who has the right to use and benefit from a property during their lifetime, but does not have the right to transfer ownership.

Permanently Injure

To cause harm or damage to someone or something that is lasting and not expected to fully recover.

Joint Tenants

Joint Tenancy is a form of co-ownership where property is owned by two or more parties with equal rights and upon the death of one, the property automatically passes to the surviving joint tenant(s).

Right of Survivorship

refers to a legal principle that, upon the death of one joint owner, their interest in certain types of property automatically passes to the surviving joint owner(s).