If Average Variable Cost of Production Falls as Output Grows

question 186

Multiple Choice

If average variable cost of production falls as output grows

• A)marginal cost must also be declining.
• B)fixed cost must also be declining.
• C)total cost must also be declining.
• D)marginal cost must be below average variable cost.

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The unfavorable conditions or attributes that lead to a decrease in effectiveness, efficiency, or benefit.

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A notice provided by the bank to a buyer who has taken out a short-term loan to purchase goods, with the bank holding the title to those goods until the loan is repaid.