If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any?
a) The average cost must be falling.
b) The average cost must be rising.
c) The average cost is unaffected.
d) The average cost would become non-existent.
e) The average cost would equal 0.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any? a) The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following budgets is used to provide an 'apples to apples' comparison of budgeted and actual performance at the actual unit volume attained?
Answers (1)
At the beginning of the period, a company reports a balance in office supplies of $500. During the period, the company purchases an additional $3,500 of office supplies for cash. By the end of the period, only $950 of office supplies remains.
Answers (1)
In the 1990s, prices in the United States rose steadily by an average of about 2.66% per year. What is the economic term for a sustained increase in the price level such as the one experienced by the United States in the 1990s?
Answers (1)
During the final stage of developing and implementing a company strategy, what factors often cause the company to adjust its objectives or mission statement?
Answers (1)
Yvonne and Larry plan to begin a business that will grow plants for sale to retail nurseries. They expect to have substantial losses for the first three years of operations while they develop their plants and their sales operations.
Answers (1)
New Questions in Business
What is the most common form of internal and external electronic communications in the workplace?
Answers (1)
The following items and amounts were taken from Blossom Company's 2017 income statement and balance sheet.
Answers (1)
te Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $ 70 comma 000 in revenue.
Answers (1)
In which of the following situations is the taxpayer not required to file a 2019 income tax return? a. When the taxpayer is a 69-year-old widow (spouse died 3 years ago) with wages of $16,500 and no dependents. b.
Answers (1)
Skysong Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.
Answers (1)