MCQOPTIONS
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| 1. |
If the short-run average variable costs of production for a firm are rising, then this indicates 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 | |