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    Principles of Microeconomics Study Set 10
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    Exam 13: The Costs of Production
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    Whenever Marginal Cost Is Greater Than Average Total Cost
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Whenever Marginal Cost Is Greater Than Average Total Cost

Question 274

Question 274

Multiple Choice

Whenever marginal cost is greater than average total cost,


A) average total cost is rising.
B) marginal cost is falling.
C) average total cost is falling.
D) Both b and c are correct.

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