Which of the Following Statements Best Describes the Relationship Between

question 154

Multiple Choice

Which of the following statements best describes the relationship between average total cost and marginal cost?

• A) If average total cost exceeds marginal cost, then average total cost is decreasing.
• B) If average total cost is less than marginal cost, then average total cost is constant.
• C) If average total cost exceeds marginal cost, then average total cost is increasing.
• D) If average total cost is less than marginal cost, then average total cost is decreasing.

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