When marginal cost is greater than average cost, then average cost must be rising.

Name: When marginal cost is greater than average cost, then average cost must be rising.
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Quizplus · Accepted Answer

This is because when marginal cost is greater than average cost, it means that the cost of producing an additional unit is higher than the average cost of all units produced so far. This implies that by producing an additional unit, the average cost of all units produced will increase, leading to a rise in average cost.

When Marginal Cost Is Greater Than Average Cost, Then Average