QUESTION 9 If the marginal cost is above the average cost, the average cost must be: Oa. increasing. b. decreasing. Oc. constant. d. Not enough information

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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QUESTION 9
If the marginal cost is above the average cost, the average cost must be:
Oa. increasing.
Ob. decreasing.
Oc. constant.
d. Not enough information
QUESTION 10
If the marginal cost is below the average cost, the average cost must be:
a. increasing.
b.constant.
C. Not enough information
d. decreasing.
Transcribed Image Text:QUESTION 9 If the marginal cost is above the average cost, the average cost must be: Oa. increasing. Ob. decreasing. Oc. constant. d. Not enough information QUESTION 10 If the marginal cost is below the average cost, the average cost must be: a. increasing. b.constant. C. Not enough information d. decreasing.
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