Identify the Truthfulness of the Following Statements

question 25

Multiple Choice

Identify the truthfulness of the following statements.
I. When marginal cost is rising, average total cost is rising.
II. When marginal cost is below average total cost, average total cost is falling.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

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Definitions:

Distributive Property

A property in algebra that allows for the multiplication of a single term and two or more terms inside a set of parentheses.

Coefficients

Numbers or constants placed before and multiplying the variables in an algebraic expression, indicating their relation.

Simplify

The process of making an expression or equation easier to understand or solve by reducing its complexity.

Like Terms

Terms in an algebraic expression that have the same variables raised to the same powers, allowing them to be combined through addition or subtraction.