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.

---

Definitions:

Heating Vent

A component of a building's heating, ventilation, and air conditioning (HVAC) system that allows air to move between different spaces.

Marble

A metamorphic rock resulting from the metamorphism of limestone, often used in sculpture and as a building material.

Behaviourist Theories

Psychological theories asserting that behavior can be explained in terms of conditioning, without appeal to thoughts or feelings, and that psychological disorders are best treated by altering behavior patterns.

Nativist Theories

Theories that argue for the inherent knowledge or abilities present in the brain at birth.