If Marginal Cost Is Between Average Variable Cost and Average

question 171

Multiple Choice

If marginal cost is between average variable cost and average total cost, then

• A) both average variable cost and average total cost are increasing.
• B) both average variable cost and average total cost are decreasing.
• C) average variable cost is increasing and average total cost is decreasing.
• D) average variable cost is decreasing and average total cost is increasing.

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