Multiple Choice
Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must be _____ and _____ must be _____.
A) marginal product; increasing; average fixed cost; decreasing
B) average variable cost; decreasing; average fixed cost; increasing
C) average total cost; increasing; marginal cost; decreasing
D) marginal product; increasing; average variable cost; decreasing
Correct Answer:

Verified
Correct Answer:
Verified
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