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If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b....

If Marginal Cost (MC) is higher than Average Cost (AC), average cost is

a. falling

b. rising

c. constant

d. none of the above

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Answer #1

b. Rising - is correct

If Marginal Cost (MC) is higher than Average Cost (AC), average cost is rising.

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