If marginal cost exceeds average total cost in the short run,then which is likely to be true?

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Question:

a) Average total cost is increasing.

b) Marginal cost is less than average variable cost.

c) Average total cost is less than average variable cost.

d) Average variable cost is decreasing.

Related Book For answer-question

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: Dec 13, 2022 01:00 PM

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If marginal cost exceeds average total cost in the short run,then which is likely to be true?

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In the short run market a firm earns the ... View the full answer

Macroeconomics Principles, Applications, and Tools

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