If Marginal Cost Increases When Output Increases,then

question 155

Multiple Choice

If marginal cost increases when output increases,then

• A) marginal product must decrease when output increases.
• B) average fixed cost is constant.
• C) total cost is constant.
• D) average variable cost must increase when output increases.
• E) average total cost must decrease when output increases.

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Definitions:

Voluntary Manumission

The act of a slave owner freeing their slaves of their own volition, without external compulsion, a practice that varied in its frequency and conditions throughout history.

Plantation Crop

A type of crop specifically grown on a large estate or plantation, primarily for sale and not for local consumption, typically including commodities like tobacco, cotton, sugar, and tea.

Slave Rebellions

Acts of violent resistance by enslaved people against their enslavers, often aimed at securing freedom or protesting inhumane conditions.

Cotton Gin

An invention by Eli Whitney in 1793 that revolutionized the cotton industry by efficiently separating cotton fibers from their seeds.