If the Marginal Cost Curve Is Rising,which of the Following

question 106

Multiple Choice

If the marginal cost curve is rising,which of the following must be true?

• A)The average total cost curve must be rising.
• B)The average total cost curve must be below the marginal cost curve.
• C)The average total cost curve must be above the marginal cost curve.
• D)Total costs must be rising.

---

Definitions:

Supply-Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Service Firms

Companies that provide intangible products or services to customers.

Vertical Integration

A strategy where a company expands its operations by moving into a different level of the supply chain, usually by acquiring or establishing its own suppliers or distributors.

Specialized

Referring to a focus on a particular area or sector, often implying a high level of expertise or proficiency in that specific field.