Which of the following statements is necessarily true for a production process that employs one variable input?
A)If AP is rising, SAC is falling.
B)If MP is zero, SMC equals AVC.
C)If AP is falling, SMC is falling.
D)The AVC function is U- shaped.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is necessarily true for a production process that employs one variable input?
A)If AP is rising, SAC is falling.
B)If MP is zero, SMC equals AVC.
C)If AP is falling, SMC is falling.
D)The AVC function is U- shaped.

Which of the Following Statements Is Necessarily True for a Production