If a Firm's Average Total Cost Is Always a Constant

question 9

Multiple Choice

If a firm's average total cost is always a constant, its marginal cost is

• A)greater than its average total cost.
• B)less than its average total cost.
• C)equal to its average total cost.
• D)decreasing

---

Definitions:

Downward Incision

The erosional process by which a river cuts deeper into its bed, often leading to the formation of a canyon or gorge.

Erosion

The process by which natural forces like water, wind, ice, and gravity wear away and break down earth materials, transporting them from one place to another.

Stream Deposition

The process by which sediment carried by a stream is laid down or deposited in new locations, often resulting in the formation of deltas and alluvial fans.

Broad Plains

Expansive, flat areas of land with minimal elevation change, often found in the interior regions of continents.