If Marginal Cost Is Less Than Average Total Cost, Then

question 50

Multiple Choice

If marginal cost is less than average total cost, then:

• A) average total cost is increasing.
• B) average total cost is decreasing.
• C) marginal cost is necessarily increasing.
• D) marginal cost is necessarily decreasing.

---

Definitions:

Conflict Resolution

Conflict resolution involves the process of resolving a dispute or disagreement between parties by addressing the root causes and finding an amicable solution that satisfies all parties involved.

Formal

Pertains to actions, procedures, or appearances that are done in accordance with established or prescribed rules.

Cooperation

The act of working together towards a common goal or interest, often involving shared resources or efforts.

Self-Managing Employer Teams

Groups of employees who are given the authority and responsibility to manage themselves without direct supervision.