2917EconomicsMedium
When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?
Agreater than average cost, less than average cost
Bless than average cost, greater than average cost
Cless than average cost, less than average cost
Dgreater than average cost, greater than average cost
Correct answer
B. less than average cost, greater than average cost
Explanation
The correct answer is less than average cost, greater than average cost.