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Author Question: Which of the following is a correct statement about the relationship between average cost (AC) and ... (Read 36 times)

Arii_bell

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on: May 25, 2020
Which of the following is a correct statement about the relationship between average cost (AC) and marginal cost (MC)?
◦ If AC = MC, then total cost is at a maximum.
◦ If AC exceeds MC, then AC is falling.
◦ If AC is at a minimum, then MC is also.
◦ If TC is declining then AC is negative.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Arii_bell on May 25, 2020

ladyjames123

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Arii_bell

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Reply 2 on: May 25, 2020
Excellent

Sarahjh

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Reply 3 on: Yesterday
:D TYSM

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