Which of the Following Is True of the Relationship Between

question 191

Multiple Choice

Which of the following is true of the relationship between average and marginal costs?

• A)If marginal cost is greater than average cost, then average cost is increasing.
• B)If marginal cost is greater than average cost, then average cost is decreasing.
• C)If marginal cost is greater than average cost, then marginal cost is decreasing.
• D)If marginal cost is lower than average cost, then marginal cost is decreasing.
• E)If marginal cost is lower than average cost, then fixed cost is decreasing.

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