MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following is true ? |
| A. | If the marginal cost is greater than the average cost the average cost falls |
| B. | If the marginal cost is greater than the average cost the average cost increase |
| C. | If the marginal cost is positive total costs are miximised |
| D. | If the marginal cost is negative total costs increase at a decreasing rate if output increases |
| Answer» C. If the marginal cost is positive total costs are miximised | |