When marginal cost is rising, average variable cost
A) must be rising.
B) must be falling.
C) must be constant.
D) could be rising or falling.
Correct Answer:
Verified
Q222: Average total cost is very high when
Q225: The average fixed cost curve
A)always declines with
Q231: Average total cost is increasing whenever
A)total cost
Q348: When marginal cost exceeds average total cost,
A)average
Q350: If marginal cost is below average total
Q352: Which of the following statements is not
Q354: Whenever marginal cost is greater than average
Q355: When average cost is greater than marginal
Q356: Figure 1
b.
Figure 2
c.
Figure 3
d.
Figure 4
ANSWER:
d
DIFFICULTY:
Moderate
LEARNING OBJECTIVES:
ECON.MANK.174 -
Q357: At what level of output will average
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