Which of the following statements is (are) correct? (x) If marginal cost is less than average total cost but more than average variable then average total cost is falling and average variable cost is rising. (y) If marginal cost is above average variable cost, average variable cost may rise fall depending on the size of average fixed costs. (2) If marginal cost is above average fixed cost, average fixed cost may rise or fal depending on the size of fixed costs. Select one: O A. (x), (y), and (z) O B. (x) and (y), only O C. (x) and (z), only O D. (y) and (z), only O E. (x) only

Which of the following statements is (are) correct? (x) If marginal cost is less than average total cost but more than average variable then average total cost is falling and average variable cost is rising. (y) If marginal cost is above average variable cost, average variable cost may rise fall depending on the size of average fixed costs. (2) If marginal cost is above average fixed cost, average fixed cost may rise or fal depending on the size of fixed costs. Select one: O A. (x), (y), and (z) O B. (x) and (y), only O C. (x) and (z), only O D. (y) and (z), only O E. (x) only

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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