Solved

If Marginal Cost Is Less Than Average Variable Cost, Average

Question 128

Multiple Choice

If marginal cost is less than average variable cost, average variable cost will:

A) increase as output rises.
B) decrease as output rises.
C) remain constant as output rises.
D) equal average total cost.

Related Questions

Q123: In the short run:<br>A) some inputs are

Q124: The following graph shows average fixed costs,

Q125: Fixed costs exist only in the:<br>A) long

Q126: A factory producing calculators employs four workers.

Q127: The vertical distance between the average total

Q129: Whenever the marginal cost curve lies below

Q130: When labor is the variable input, the

Q131: If average fixed cost is $2 and

Q132: Refer to the table shown. If

Q133: The average total cost of producing electronic