When average cost is greater than marginal cost, marginal cost must be
A) rising.
B) falling.
C) constant.
D) The direction of change in marginal cost cannot be determined from this information.
Correct Answer:
Verified
Q225: The average fixed cost curve
A)always declines with
Q231: Average total cost is increasing whenever
A)total cost
Q350: If marginal cost is below average total
Q352: Which of the following statements is not
Q353: When marginal cost is rising, average variable
Q354: Whenever marginal cost is greater than average
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
Q359: At all levels of production higher than
Q360: Which of the following must always be
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