If AVC is declining, then _______. a) marginal cost must be less than AVC b) marginal cost

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If AVC is declining, then _______.

a) marginal cost must be less than AVC

b) marginal cost must be greater than ATC

c) AVC must be greater than AFC.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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If AVC is declining, then _______. a) marginal cost must be less than AVC b) marginal cost

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If AVC Average Variable Cost is declining it means that the ...View the full answer

Microeconomics

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