Multiple Choice
Which of the following is true about the relationships among various cost curves?
A) When MC exceeds ATC,ATC must be rising.
B) When MC exceeds ATC,ATC could be rising or falling.
C) When ATC is falling,MC must exceed ATC.
D) When TC is rising,MC must exceed TC.
E) TC falls when AFC falls.
Correct Answer:
Verified
Correct Answer:
Verified
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