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Author Question: If marginal cost exceeds average variable cost, a. average variable cost is negative b. average ... (Read 242 times)

madam-professor

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on: Jun 30, 2018
If marginal cost exceeds average variable cost,
 a. average variable cost is negative
  b. average variable cost is increasing
  c. marginal cost is greater than average total cost
  d. average variable cost is decreasing
  e. average fixed cost is increasing

Question 2

Which of the following correctly describes the relationship between the marginal cost and average variable cost curves?
 a. MC is everywhere above AVC
  b. AVC is everywhere above MC
  c. MC crosses AVC at AVC's minimum point
  d. MC crosses AVC at MC's minimum point
  e. both AVC and MC first rise and then fall


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parker125

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


madam-professor

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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