Author Question: Standardized goods and services sold in the market are likely to have high switch-over costs. ... (Read 86 times)

darbym82 · **on:** Jun 30, 2018

Standardized goods and services sold in the market are likely to have high switch-over costs.
Indicate whether the statement is true or false

Question 2

If the average variable cost of a firm is falling, then the:
a. average fixed cost must be rising.
b. marginal cost must be falling.
c. marginal cost must be rising.
d. marginal cost lies below the average variable cost.
e. marginal cost lies above the average variable cost.