If Marginal Cost Is Below Average Total Cost, Average Total

question 271

Multiple Choice

If marginal cost is below average total cost, average total cost will

• A) be maximized.
• B) be decreasing.
• C) be increasing.
• D) remain constant.

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Definitions:

Contingency Management

A type of behavioral therapy in which certain behaviors are reinforced with tangible rewards to encourage positive behavior change.

Reinforcers

In behavioral psychology, stimuli which, when they follow a behavior, increase the likelihood that the behavior will occur again.

Social Skills

Abilities used to communicate and interact with others effectively, including verbal and non-verbal communication, empathy, and cooperation.

Mood Changes

Variations in an individual's emotional state, which can occur due to a variety of factors including health, environment, or psychological conditions.