If average total cost is declining,then:
A) marginal cost must be greater than average total cost.
B) the average fixed cost curve must lie above the average variable cost curve.
C) marginal cost must be less than average total cost.
D) total cost must also be declining.
Correct Answer:
Verified
Q85: Q87: Q88: Q91: If a firm decides to produce no Q93: Assume that in the short run a Q94: A fixed cost is: Q210: Marginal cost Q214: Other things equal, if the prices of Q231: Fixed costs are associated with Q238: Total fixed cost (TFC) Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) associated with any
A)equals both average variable cost and
A)highly adjustable inputs
A)falls as the firm
