If marginal cost is less than average cost at all output levels A. marginal cost

Question

If marginal cost is less than average cost at all output levels A. marginal cost must be falling. B. average cost must be falling. C. average cost must be rising. D. none of these. If marginal cost is less than average cost at all output levels If marginal cost is less than average cost at all output levels marginal cost must be falling. average cost must be falling. average cost must be rising. none of these. A. marginal cost must be falling. B. average cost must be falling. C. average cost must be rising. D. none of these.

Explanation / Answer

C. average cost must be rising

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.