Whenever Marginal Cost Is Greater Than the Average Total Cost

question 206

Multiple Choice

Whenever marginal cost is greater than the average total cost:

• A) marginal cost is falling.
• B) average cost is falling.
• C) average cost is constant.
• D) average cost is rising.

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Definitions:

Seismic Waves

Vibrations that travel through Earth's interior or along its surface, generated by earthquakes, volcanic eruptions, or manmade explosions.

Surface Waves

Types of seismic waves that travel along the Earth's surface, causing ground movement in all directions, often responsible for earthquake damage.

P-Waves

Primary waves, or compressional waves, which are the fastest kind of seismic wave and can travel through solid, liquid, or gas layers of the Earth.

Seismographs

Seismographs are instruments that measure and record the motion of the ground, including those of seismic waves generated by earthquakes, volcanic eruptions, and other seismic sources.