Which of the Following Statements Is True?​

question 46

Multiple Choice

Which of the following statements is true?​

• A)If the marginal product of labor diminishes, the average fixed cost rises.
• B)If the marginal product of labor diminishes, the average variable cost is constant.
• C)If the marginal product of labor diminishes, the marginal cost rises.
• D)If the marginal product of labor diminishes, the average total cost rises. ​
• E)If the marginal product of labor diminishes, the total cost rises at a diminishing rate.

Describe reactance, its causes, and consequences on behavior and decisions.

Identify causes of self-defeating behavior, including faulty knowledge and ineffective strategies.

Understand the purpose and structure of manufacturing overhead budgets and differentiate between variable, mixed, and fixed costs.

Grasp the preparation process and components of a budgeted balance sheet based entirely on annual budgets.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output.