If the Average Cost is falling, then:
A. Marginal cost is rising
B. Marginal cost is falling
C. Marginal cost is equal to average
D. It is impossible to tell if marginal cost is rising or falling
Answer:D
If the Average Cost is falling, then:
A. Marginal cost is rising B. Marginal cost is falling C. Marginal cost is equal to average D. It is impossible to tell if marginal cost is rising or falling