Which of the Following Is True If the Total Variable

question 166

Multiple Choice

Which of the following is true if the total variable cost curve is rising?

• A) Average fixed cost is increasing.
• B) Marginal cost is decreasing.
• C) Marginal cost is increasing.
• D) Average fixed cost is constant.

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Definitions:

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.

Balance

A condition in which different elements are equal or in the correct proportions, often used in financial contexts to denote the amount of money available in an account.

Arithmetic Sequence

A sequence of numbers in which each term after the first is obtained by adding a constant difference to the preceding term.

Recursive Definition

A definition of a function, sequence, or process in which the next term is defined in terms of previous terms.