Which of the following statements is correct :
A. When the Average Cost is rising, the Marginal Cost must also be rising.
B. When the Average Cost is rising, the Marginal Cost must be falling.
C. When the Average Cost is rising, the Marginal Cost is above the average cost.
D. When the Average Cost is falling, the Marginal Cost must be rising.
Answer:C
Which of the following statements is correct :
A. When the Average Cost is rising, the Marginal Cost must also be rising. B. When the Average Cost is rising, the Marginal Cost must be falling. C. When the Average Cost is rising, the Marginal Cost is above the average cost. D. When the Average Cost is falling, the Marginal Cost must be rising.