Whenever marginal cost is greater than average total cost,

a. average total cost is rising.
b. marginal cost is falling.
c. average total cost is falling.
d. Both b and c are correct.

a

Economics

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Your neighbor has knowledge of economics and you would like her to share it with you. You own a car, a CD player and a new pair of running shoes. You wish to make a trade, but the neighbor does not want what you have. The problem can be stated as follows: You are not satisfying the

A) rule of transaction costs. B) double coincidence of wants. C) law of marketability. D) terms of a common denominator.

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