If Average Total Cost Is Declining,then

question 123

Multiple Choice

If average total cost is declining,then:

• A) marginal cost must be greater than average total cost.
• B) the average fixed cost curve must lie above the average variable cost curve.
• C) marginal cost must be less than average total cost.
• D) total cost must also be declining.

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Definitions:

Positive Evaluative Adjectives

Adjectives used to express positive evaluations or judgements about people, objects, or situations.

Evaluative Adjectives

Adjectives used to express an assessment or judgment about the quality, value, or condition of someone or something.

Open-Minded

Means that a person is tolerant of divergent views and sensitive to the possibility of his or her own possible biases. An open-minded person respects the right of others to have different opinions.

One-Way Street

A situation or condition that allows movement or action in only one direction, often used metaphorically to describe a non-reciprocal relationship.