At an Output of 55,AVC Is $41 and MC Is

question 172

Multiple Choice

At an output of 55,AVC is $41 and MC is $38.At an output of 56,AVC is $42 and MC is $43.We may conclude that at the shutdown point AVC is

• A)greater than $43.
• B)less than $43.
• C)less than $42.
• D)less than $41.

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Definitions:

Lower Court

A court of law that is lower in the hierarchy than an appellate court and typically is the first level at which legal cases are heard.

Writ of Certiorari

A writ from a higher court asking a lower court to send it the record of a case for review. The United States Supreme Court uses certiorari to review most of the cases it decides to hear.

U.S. Courts of Appeals

Intermediate appellate courts in the federal court system that review decisions of federal district courts, regulatory commissions, and other federal courts.

District Court Decisions

Rulings or judgments made by District Courts, which are often initial points of litigation within the federal or state court systems.