Which of the following is true about the relationships among various cost curves?
A) When MC exceeds ATC,ATC must be rising.
B) When MC exceeds ATC,ATC could be rising or falling.
C) When ATC is falling,MC must exceed ATC.
D) When TC is rising,MC must exceed TC.
E) TC falls when AFC falls.
Correct Answer:
Verified
Q76: Q77: As a firm increases its output in Q78: Marginal cost is Q79: If Babette's Bicycle shop can rebuild three Q80: Average variable cost is Q82: If the marginal product of labor rises,the Q83: The Marginal Cost curve will Q84: Along its long-run average total cost curve,a Q85: Average Fixed Cost is the Q86: For a given level of output,the short-run
A)the increase in total cost
A)the change in cost
A)cut ATC at
A)horizontal distance (at
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