When Average Total Cost Is Decreasing as Output Expands

question 51

Multiple Choice

When average total cost is decreasing as output expands:

• A)average fixed cost must be increasing.
• B)total fixed costs must be increasing.
• C)average variable cost must be falling.
• D)marginal cost must be greater than average total cost.
• E)marginal cost must be less than average total cost.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, motivations, and behaviors.

Nonshared Environments

The unique environmental influences that contribute to differences in behavior and development among individuals living in the same household.

Monozygotic Twins

Twins that originate from a single fertilized egg, making them genetically identical and sharing 100% of their DNA.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as extraversion, agreeableness, and conscientiousness.