If Marginal Cost Is Less Than Average Cost, Average Cost

question 27

True/False

If marginal cost is less than average cost, average cost is rising.

---

Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body.

Diversity-of-Citizenship

A condition in civil law cases where the parties are citizens of different states or a party is a citizen of a foreign country, potentially giving federal courts jurisdiction.

Controversy

A dispute, often public, arising from differing opinions, beliefs, or interests.

Exclusive Jurisdiction

A legal term referring to the power of a court to adjudicate a case to the exclusion of all other courts.