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Commerce · Q356

Economics

Graduate and Post Graduate · Commerce · question 356

Q356

If firm's average cost curve is falling then marginal curve must be

A.
Falling
B.
Rising
C.
Below average cost curve
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
If firm's average cost curve is falling then marginal curve must be below average cost curve.