Question: What is the relation between the MC and AVC curves? Choose the best answer Question 5 options: When MCAVC, AVC is increasing. When MCAVC, AVC

What is the relation between the MC and AVC curves? Choose the best answer Question 5 options: When MCAVC, AVC is increasing. When MCAVC, AVC is increasing. In addition, MC=AVC for the first unit produced. Those curves are independent of each other MC is always higher than AVC

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