Multiple Choice
Use the following to answer question:
-(Table: Cost Data) Use Table: Cost Data.When the purse factory produces 5 units of output (purses) :
A) marginal cost is above average total cost,and average total cost is rising.
B) average total cost is above average variable cost,and average variable cost is falling.
C) marginal cost is below average variable cost,and average variable cost is falling.
D) marginal cost is above average variable cost and below average total cost,and average total cost is rising.
Correct Answer:

Verified
Correct Answer:
Verified
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