If the Average Variable Cost Curve Is Above the Marginal

question 342

Multiple Choice

If the average variable cost curve is above the marginal cost curve, then

• A) marginal costs must be decreasing.
• B) average variable costs must be increasing.
• C) marginal costs must be increasing.
• D) marginal costs can be either increasing or decreasing.

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Definitions:

Dispositional Attribution

A psychological concept where a person attributes someone's behavior to their character or personality rather than external factors.

Blaming the Victim

A phenomenon where the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.

Attitude

A psychological construct representing an individual's degree of like or dislike for an item.

Belief

An acceptance that something exists or is true, especially one without proof.