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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 27
If AVC is declining, then ________.
A) marginal cost must be less than AVC
B) marginal cost must be greater than ATC
C) AVC must be greater than AFC
A) marginal cost must be less than AVC
B) marginal cost must be greater than ATC
C) AVC must be greater than AFC
Explanation
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Microeconomics 9th Edition by Stephen Slavin
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