What is happening when marginal cost is less than average total cost
A) Marginal cost must be falling.
B) Average variable cost must be falling.
C) Average total cost must be falling.
D) Marginal cost must be rising.
Correct Answer:
Verified
Q63: Scenario 13-4
A firm experiences decreasing marginal product
Q64: What does average total cost tell us
A)the
Q65: What does marginal cost equal
A)total cost divided
Q66: Why is average total cost very high
Q67: Scenario 13-4
A firm experiences decreasing marginal product
Q69: What does marginal cost tell us
A)the value
Q70: What does variable cost divided by quantity
Q71: What does average total cost equal
A)change in
Q72: Scenario 13-4
A firm experiences decreasing marginal product
Q73: What is average total cost equal to
A)output
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