If Marginal Cost Is Less Than Average Total Cost

question 54

Multiple Choice

If marginal cost is less than average total cost,

• A)marginal cost must be falling
• B)average total cost must be increasing
• C)average variable cost equals average total cost
• D)average variable cost must be decreasing
• E)average variable cost may be increasing or decreasing

---

Definitions:

Familism

A cultural belief emphasizing the importance of family connections, loyalty, and reliance within a social group.

Family Obligation

Duties, responsibilities, or expectations that individuals may have towards their family members, often culturally defined.

Risk Factors

Characteristics or conditions that increase the likelihood of developing a disease or injury.

Developmental Outcomes

The measurable progress or changes in individuals, typically children, across various domains of development.