Multiple Choice
If the marginal cost of the 100th unit is $3.25, the total cost of producing 100 units is $825, and the fixed cost is $500,
A) average variable cost is higher than marginal cost.
B) marginal cost is falling.
C) average variable cost is at its minimum.
D) average total cost is increasing.
Correct Answer:
Verified
Correct Answer:
Verified
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