Multiple Choice
If marginal cost is less than average total cost,then _____
A) marginal cost must be falling.
B) average total cost must be increasing.
C) average variable cost must equal average total cost.
D) average variable cost must be decreasing.
E) average variable cost may be increasing or decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
Q69: The length of time that represents the
Q79: The law of diminishing marginal returns states
Q96: The law of diminishing marginal returns explains
Q97: Table 7.6<br> <span class="ql-formula" data-value="\begin{array}
Q98: Table 7.1<br><br> <span class="ql-formula" data-value="\begin{array}
Q102: Cash payments for steel to be used
Q103: Which of the following is true of
Q104: If General Electric finds that doubling both
Q114: Suppose Joan uses her savings to purchase
Q170: Accounting profit is<br>A)always less than economic profit<br>B)never