When Marginal Cost Is Rising, the Average Total Costs

question 67

Multiple Choice

When marginal cost is rising, the average total costs:

• A) could be rising or falling.
• B) must be rising.
• C) must be falling.
• D) must be constant.

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Definitions:

Impression

The effect or influence that something or someone produces on the mind or feelings; a perception or interpretation of something.

Negotiable Instruments

Negotiable Instruments are written documents guaranteeing the payment of a specific amount of money to the bearer or named party, such as checks, promissory notes, and drafts.

Unconditional Promise

A pledge or assurance given without any prerequisites or contingencies.

Specific Sum

A fixed amount of money that is defined and stipulated within a contract or legal document.