When Marginal Cost Is Greater Than Average Total Cost

question 1

Multiple Choice

When marginal cost is greater than average total cost,

• A)average total cost must be increasing with output.
• B)average variable cost must be decreasing with output.
• C)average fixed cost must be increasing with output.
• D)marginal cost must be increasing with output.

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Definitions:

Authoritarianism

Authoritarianism describes a political system characterized by strong central power and limited political freedoms.

Essential-trait Approach

A theory in personality psychology focusing on identifying a core set of traits that significantly describe and predict an individual's personality.

Single-trait Approach

A method in personality research that focuses on how one particular trait affects behavior.

Many-trait Approach

A method in personality psychology that examines the relationships between a wide array of personality traits and behaviors or outcomes, seeking to understand how multiple traits come together to form the individual.