If average cost is above marginal cost, average cost must be falling.
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Q120: You observe that at your current production
Q121: If marginal cost is increasing, average variable
Q122: If marginal cost is below average cost,
Q123: If marginal cost is above average cost,
Q124: The increase in total cost resulting from
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Q127: Diminishing marginal returns imply that marginal cost
Q128: The marginal product of an input is
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