Multiple Choice
When marginal cost is above average variable cost, average variable cost must be:
A) at its minimum.
B) at its maximum.
C) greater than average total cost.
D) greater than average fixed cost.
Correct Answer:
Verified
Related Questions
Q88: Tankao makes earbuds for mobile devices.When Tankao
Q107: Variable cost divided by the quantity of
Q125: Austin's total fixed cost is $3,600 a
Q126: If marginal cost is equal to average
Q132: If marginal cost is greater than average
Q137: (Table: Output and Marginal Cost) Look at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents