If Average Total Cost is declining then – McqOptions

MCQOPTIONS

1.	If Average Total Cost is declining then
A.	The Marginal Cost is Less than Average Cost
B.	The Total Cost must also be Declining
C.	The Marginal Cost is Greater than Average Cost
D.	The Average Fixed Cost curve must lie above the average variable cost curve
Answer» B. The Total Cost must also be Declining

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