MCQOPTIONS
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| 1. |
If the short-run average variable costs of production for a firm are rising, then thisindicates that: |
| A. | average total costs are at a maximum. |
| B. | average fixed costs are constant. |
| C. | marginal costs are above average variable costs. |
| D. | average variable costs are below average fixed costs. |
| Answer» D. average variable costs are below average fixed costs. | |