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Which of the Following Is True

Question 113

Multiple Choice

Which of the following is true?


A) If average total cost is less than marginal cost, then average total cost is decreasing.
B) If average total cost exceeds marginal cost, then average total cost is decreasing.
C) If average total cost exceeds marginal cost, then average total cost is increasing.
D) If average total cost is less than marginal cost, then average total cost is constant.

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