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    Microeconomics Study Set 25
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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    When Marginal Cost Is ABOVE Average Variable Cost,average Variable Cost
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When Marginal Cost Is ABOVE Average Variable Cost,average Variable Cost

Question 78

Question 78

Multiple Choice

When marginal cost is ABOVE average variable cost,average variable cost must be:


A) at its minimum.
B) at its maximum.
C) falling.
D) rising.

Correct Answer:

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