When Marginal Cost Is BELOW Average Variable Cost,average Variable Cost

question 45

Multiple Choice

When marginal cost is BELOW average variable cost,average variable cost must be:

• A)at its minimum.
• B)at its maximum.
• C)falling.
• D)rising.

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Tourists

Individuals who travel to and stay in places outside their usual environment for leisure, business, or other purposes for not more than one consecutive year.

Civilization

An advanced state of human society, characterized by the development of complex institutions, knowledge, arts, and customs.

Cultures

The collective beliefs, behaviors, norms, practices, and material objects that members of a society use to cope with their world and with one another, passed from generation to generation through learning.

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