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    Economics Principles and Policy Study Set 2
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    If Marginal Cost Is Less Than Average Cost, Average Cost
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If Marginal Cost Is Less Than Average Cost, Average Cost

Question 73

Question 73

True/False

If marginal cost is less than average cost, average cost must fall when more units are produced.

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