Exam Question
When average cost is falling marginal cost is…and when average cost is rising marginal cost is…
- 1. greater than average cost, greater than average cost
- 2. less than average cost, greater than average cost
- 3. less than average cost, less than average cost
- 4. greater than average cost, less than average cost
View Answer
Answer 2. less than average cost, greater than average cost
Practice set and Exam Quiz
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