Whenever the marginal cost is less than the average cost,the average cost is falling.

Name: Whenever the marginal cost is less than the average cost,the average cost is falling.
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Quizplus · Accepted Answer

This statement is true. When the marginal cost is less than the average cost, it means that each additional unit produced is adding less to the average cost than the previous unit, causing the average cost to decrease.

Whenever the Marginal Cost Is Less Than the Average Cost,the