The Following Relationship Must Hold Between the Average Total Cost

question 47

Multiple Choice

The following relationship must hold between the average total cost (ATC) curve and the marginal cost curve (MC) :

• A)If MC is rising, ATC must be rising.
• B)If MC is rising, ATC must be greater than MC.
• C)If MC is rising, ATC must be less than MC.
• D)If ATC is rising, MC must be greater than ATC.
• E)If ATC is rising, MC must be less than ATC.

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