For each of the following, state whether the assertion is true or false, and justify your answer.
A. If the marginal cost is rising, the average total cost is also rising.
B. If the marginal product of labor is falling, the total product is rising at a slower rate.
C. If the firm is producing at a level below minimum efficient scale in the long run, the average total cost is falling.

Question

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The Answer of For each of the following, state whether the assertion is true or false, and justify your answer.
A. If the marginal cost is rising, the average total cost is also rising.
B. If the marginal product of labor is falling, the total product is rising at a slower rate.
C. If the firm is producing at a level below minimum efficient scale in the long run, the average total cost is falling.

For Each of the Following, State Whether the Assertion Is