-The relationship between the marginal cost and the average cost schedules is such that:
A)the behaviour of one schedule does not affect the other
B)if AC exceeds MC, MC must be rising
C)if MC is declining, AC may be either declining or rising
D)if AC exceeds MC, MC must be declining
E)if MC is below AC, AC must be declining

Question

-The relationship between the marginal cost and the average cost schedules is such that:
A)the behaviour of one schedule does not affect the other 
B)if AC exceeds MC, MC must be rising 
C)if MC is declining, AC may be either declining or rising 
D)if AC exceeds MC, MC must be declining 
E)if MC is below AC, AC must be declining

Quizplus · Accepted Answer

The Answer of 
-The relationship between the marginal cost and the average cost schedules is such that:
A)the behaviour of one schedule does not affect the other 
B)if AC exceeds MC, MC must be rising 
C)if MC is declining, AC may be either declining or rising 
D)if AC exceeds MC, MC must be declining 
E)if MC is below AC, AC must be declining

-The Relationship Between the Marginal Cost and the Average Cost