If the Short-Run Average Total Cost Curve Is Declining, What

question 25

Multiple Choice

If the short-run average total cost curve is declining, what can we conclude about the marginal cost?

• A) Marginal cost is greater than average total cost.
• B) Marginal cost is less than average total cost.
• C) Marginal cost is less than average variable cost.
• D) Marginal cost equals average total cost.

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