Which of the Following Must Be True If the Short-Run

question 17

Multiple Choice

Which of the following must be true if the short-run average total cost curve is declining?

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

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