If ATC Is $100,AVC Is $90 and MC Is $80,then

question 238

Multiple Choice

If ATC is $100,AVC is $90 and MC is $80,then

• A)ATC is rising and AVC is rising.
• B)ATC is falling and AVC is falling.
• C)ATC is rising and AVC is falling.
• D)ATC is falling and AVC is rising.

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Definitions:

Consumers

Individuals or entities that purchase goods and services for personal use.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers among the three countries.

Trade Agreement

A formal accord between two or more nations that determines the rules of trade, including tariffs and duties, between them.

World Price

The price of a good or service in the international market, often used as a benchmark for comparing domestic prices.