When Marginal Cost Is Greater Than Average Variable Cost but Less

question 117

Multiple Choice

When marginal cost is greater than average variable cost but less than average total cost,

• A)average total cost is rising.
• B)marginal cost is falling.
• C)average fixed cost is minimized.
• D)average variable cost is falling.
• E)marginal cost is rising.

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Definitions:

CS

An abbreviation for Conditioned Stimulus, a term used in classical conditioning to denote a previously neutral stimulus that, after being paired with an unconditioned stimulus, evokes a conditioned response.

US

United States; a country located primarily in North America.

Classical Conditioning

A training method where a naturally occurring response is learned through linking an environmental cue with a natural stimulus.

Ivan Pavlov

A Russian physiologist known for his discovery of classical conditioning, a fundamental learning process.