Which of the following statements regarding marginal analysis is true? A. If total cost is falling, marginal cost must be positive. B. If total cost is rising, marginal cost must be rising. C. If total cost is rising, marginal cost could be falling. D. If total cost is falling, marginal cost could be zero.

Which of the following statements regarding marginal analysis is true? A. If total cost is falling, marginal cost must be positive. B. If total cost is rising, marginal cost must be rising. C. If total cost is rising, marginal cost could be falling. D. If total cost is falling, marginal cost could be zero.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 42P: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this...

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