If marginal cost is above average cost, then
A) AVC is constant.
B) AVC is decreasing.
C) AC is increasing.
D) AC is decreasing.
Correct Answer:
Verified
Q14: The formula for AVC is
A)
Q15: Which of the following is true?
A) MC
Q16: The following diagram shows a firm's short-
Q17: The sum of marginal costs at any
Q18: Which of the following is a fixed
Q20: Which of the following represents the point
Q21: Adam Smith used the term 'division of
Q22: Which of the following is not a
Q23: Which of the following defines organisational economies?
A)
Q24: The ability of a firm to diversify
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