If the ATC curve is rising then the MC curve must be
A) horizontal.
B) falling.
C) intersecting ATC.
D) above ATC.
E) below ATC.
Correct Answer:
Verified
Q108: Marginal cost equals
A)Q/TVC.
B)ΔTFC/ΔTC.
C)ΔTC/ΔQ.
D)ΔQ/ΔTVC.
E)(TC - TVC)/Q.
Q109: The ATC curve shifts upward if
A)factor prices
Q110: Which of the following quotes best illustrates
Q111: A technological advance will shift (1)TP,AP,and MP
Q112: The average fixed cost curve slopes downward
Q114: Marginal cost
A)is constantly increasing,but as output increases
Q115: The AFC curve shifts upward if
A)factor prices
Q116: Total cost is $20 at 4 units
Q117: An increase in the cost of labour
Q118: The average variable cost curve will shift
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