Which of the following is true about a firm's average variable cost? It will rise if marginal
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Question:
Which of the following is true about a firm's average variable cost?
It will rise if marginal cost is less than average variable cost. | |
It will never equal the firm's marginal cost. | |
It will decline when the firm's marginal product declines. | |
It will be negative if marginal revenue declines. | |
It will equal average total cost when fixed costs are zero. |
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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