Multiple Choice
Which of the following statements is correct?
A) If marginal cost is rising, then average total cost is rising.
B) If marginal cost is rising, then average variable cost is rising.
C) If average variable cost is rising, then marginal cost is minimized.
D) If average total cost is rising, then marginal cost is greater than average total cost.
Correct Answer:
Verified
Correct Answer:
Verified
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