If average cost is decreasing

A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less than average cost.
D) Not enough information is given.

C

Economics

You might also like to view...

Cartels are inherently unstable

a. True b. False

View
Economics

The expected effects of a tighter monetary policy are

a. lower real interest rates. b. exchange rate depreciation. c. lower inflation. d. All of the above are correct.

View
Economics