When the marginal cost is higher than the average total cost,
A. the average fixed cost must exceed the average variable cost.
B. the average variable cost must also be higher than the average total cost.
C. the higher additional value causes the average to rise.
D. the higher additional value causes the average to fall.
Answer: C
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The Fisher index
A) uses the arithmetic mean of the Paasche index and the Laspeyres index. B) uses the standard deviation of the Paasche index and the Laspeyres index. C) uses the geometric mean of the Paasche index and the Laspeyres index. D) uses the harmonic mean of the Paasche index and the Laspeyres index.
A dividend is
a. a payment to the corporation's bondholders b. the same as the profit of the corporation c. a payment of a portion of the corporation's profits to the shareholders d. guaranteed if one has common stock e. the payment to each partner in a partnership form of business