When marginal cost (MC) is falling, which of the following must be true? OA. Average variable cost (AVC) is increasing. OB. Average variable cost (AVC) is falling OC. Average total cost is increasing. OD. Average fixed cost (AFC) is increasing.

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When marginal cost (MC) is falling, which of the following must be true?
OA. Average variable cost (AVC) is increasing.
OB. Average variable cost (AVC) is falling
OC. Average total cost is increasing.
O D. Average fixed cost (AFC) is increasing.
Transcribed Image Text:K When marginal cost (MC) is falling, which of the following must be true? OA. Average variable cost (AVC) is increasing. OB. Average variable cost (AVC) is falling OC. Average total cost is increasing. O D. Average fixed cost (AFC) is increasing.
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