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When average cost is decreasing what status marginal cost has an compared to average cost ?

+1 vote

asked Feb 9, 2018 in Class 12 by kratos

When average cost is decreasing what status marginal cost has an compared to average cost ?

(a) MC > AC (b) MC = AC (c) MC ≤ AC (d) MC ≠ AC

class-11
concept of production
organisms and populations
production analysis
class-12

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1 Answer

+2 votes

answered Feb 23, 2021 by kratos

Best answer

(c) MC ≤ AC.

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