If average variable cost exceeds marginal cost,then:
A) average variable cost is increasing and the average total cost is decreasing.
B) the average variable cost is decreasing and the average total cost is increasing.
C) both the average variable and average total cost are decreasing.
D) the average variable cost is decreasing and the average total cost may be increasing or decreasing.
Correct Answer:
Verified
Q113: Which of the following is true?
A) If
Q114: Exhibit 11-7 Q115: A firm's average fixed cost when producing Q116: If average total cost equals $15 at Q117: If the total cost of producing 10 Q119: Which of the following must be true Q120: Luke realizes that his space taxi service Q121: Economic profits are: Q122: When economies of scale exist,an increase in Q123: When economies of scale exist:
A) less than accounting profits
A) per unit
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