When the Average Variable Cost Curve Is Upward Sloping,what Must

question 82

Multiple Choice

When the average variable cost curve is upward sloping,what must be true about the marginal cost curve?

• A) It is U-shaped.
• B) It is above the average variable cost curve.
• C) It is upward sloping.
• D) It is below the average variable cost curve.
• E) It is a straight line.

---

Definitions:

Unrealized Gain

The potential profit on an investment that has not been sold, reflecting an increase in value on paper but not realized as cash.

Dividend Revenue

Income earned from holding shares of a company that pays dividends.

Interest Revenue

Income earned on investments, savings accounts, and other financial instruments that pay interest.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.