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QUESTION
B. Marginal cost (MC) must be declining. A. Average variable cost (AVC) must be greater than average total cost (ATC). 1. Which of the following must...
B. Marginal cost (MC) must be declining. A. Average variable cost (AVC) must be greater than average total cost (ATC). 1. Which of the following must be true when average total costs are declining? A. Average variable cost (AVC) must be greater than average total cost (ATC). B. Marginal cost (MC) must be declining. C. Marginal cost (MC) must be less than average total cost (ATC). D. Average variable cost (AVC) must be less than average total costs (ATC).
