Multiple Choice
Which of the following is true?
A) When average cost is decreasing,total cost must also be decreasing.
B) When average cost is decreasing,average product of labor must be decreasing.
C) When average cost is decreasing,marginal cost must be less than average cost.
D) When average cost is decreasing,output must be decreasing.
Correct Answer:
Verified
Correct Answer:
Verified
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