[Answered] If marginal costs are falling and below average costs, then average costs must be falling too. ...

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Author Question: If marginal costs are falling and below average costs, then average costs must be falling too. ... (Read 115 times)

Redwolflake15

Hero Member
Posts: 569

on: Jun 30, 2018

If marginal costs are falling and below average costs, then average costs must be falling too.
Indicate whether the statement is true or false

Question 2

Marginal costs rise if there are increasing returns.
Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

juicepod

Sr. Member
Posts: 310

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

False

Redwolflake15

Member
Posts: 569

Reply 2 on: Jun 30, 2018

Gracias!

kishoreddi

Member
Posts: 329

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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