Vidyalelo
Commerce · Q1216

Economics

Graduate and Post Graduate · Commerce · question 1216

Q1216

When average cost is declining

A.
Marginal cost must be declining
B.
Marginal cost must be above average cost
C.
Marginal cost must be below average cost
Answer
D.
Marginal cost must be rising

Answer: Option C

Solution

Answer: Option C
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