Solved

As Long as Marginal Cost Is Less Than Average Variable

Question 10

Multiple Choice

As long as marginal cost is less than average variable cost:


A) both average total costs and average variable costs will be falling.
B) average total costs will be falling but average costs may be rising or falling.
C) average fixed costs are rising.
D) average total costs are falling but average fixed costs may be rising.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions