Which of the Following Best Explains Why Marginal Cost Eventually

question 11

Multiple Choice

Which of the following best explains why marginal cost eventually increases as output increases?

• A)economies of scale occur
• B)average cost increases
• C)total cost increases
• D)marginal product decreases
• E)fixed cost is constant

Examine strategies for reducing prejudice and enhancing group cohesion.

Analyze the factors leading to bystander apathy and strategies to combat it.

Discuss the role of solidarity and camaraderie in motivating group members.

Understand the characteristics and purposes of various psychological tests.

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Definitions:

Good A

A placeholder term that typically represents a general or unspecified item in economic models or discussions.

Good B

A term representing a specific product or service under consideration in an economic model or market analysis.

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.

Bundle A

Not a standardized economic term without context; appears to be a placeholder name for a specific set of goods and services.