If Average Cost Rises as a Firm Increases Its Output

question 249

Multiple Choice

If average cost rises as a firm increases its output level,

• A)profits are not being maximized
• B)marginal cost is greater than average cost
• C)profits are maximized
• D)marginal revenue is positive
• E)total cost is minimized

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Standard Deviation

A tool for gauging the level of spread or diversity among a set of measurements.

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