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microeconomices question 2. In a short-run production process, the marginal cost is rising and the average variable cost is falling as output is increased. Thus,

microeconomices question

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2. In a short-run production process, the marginal cost is rising and the average variable cost is falling as output is increased. Thus, A) average fixed cost is constant. B) marginal cost is above average variable cost. C) marginal cost is below average fixed cost. D) marginal cost is below average variable cost. 3. For any given level of output: A) marginal cost must be greater than average cost. B) average variable cost must be greater than average fixed cost. C) average fixed cost must be greater than average variable cost. D) fixed cost must be greater than variable cost. E) None of the above is necessarily correct

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