Which of the Following Statements About Marginal Cost Is Correct

question 43

Multiple Choice

Which of the following statements about marginal cost is correct?

• A)When the marginal product of a variable input is rising,the marginal cost will fall.
• B)When marginal cost equals average cost,average cost is at its maximum.
• C)In the short-run,the marginal cost curve is parallel to the average variable cost curve.
• D)When marginal cost is falling,total fixed cost is rising.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, considered a major contributor to climate change.

Sea Levels

The average height of the ocean's surface between the high and low tide, used as a standard in measuring land elevation and ocean depth.

Global Warming

The long-term rise in Earth’s average temperature, largely attributed to human activities, especially the emission of greenhouse gases.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.