If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b....

Question

Question

If Marginal Cost (MC) is higher than Average Cost (AC), average cost is

a. falling

b. rising

c. constant

d. none of the above

business economics

Answer 1

Answer #1

b. Rising - is correct

If Marginal Cost (MC) is higher than Average Cost (AC), average cost is rising.

Answer 2

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