Join Examsbook
1995 0

Q: If Average Total Cost is declining then

  • 1
    The Marginal Cost is Less than Average Cost
  • 2
    The Total Cost must also be Declining
  • 3
    The Marginal Cost is Greater than Average Cost
  • 4
    The Average Fixed Cost curve must lie above the average variable cost curve
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "The Marginal Cost is Less than Average Cost"
Explanation :

Answer: A) The Marginal Cost is Less than Average Cost Explanation:

Are you sure

  Report Error

Please Enter Message
Error Reported Successfully
google play

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today