If marginal cost is below average total cost, then average total cost    Question 10 options:   a)  is constant   b)  is falling   c)  is rising    d)  may rise or fall depending on the size of the fixed cost

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 11MC
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Question

If marginal cost is below average total cost, then average total cost 

 

Question 10 options:

 

a) 

is constant

 

b) 

is falling

 

c) 

is rising 

 

d) 

may rise or fall depending on the size of the fixed cost

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