Multiple Choice
Marginal-average rule states that:
A) when marginal cost is above average cost, average cost will fall.
B) when marginal cost is above average cost, average cost will remain constant.
C) when marginal cost is below average cost, average cost will fall.
D) when marginal cost is below average cost, average cost will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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