Multiple Choice Questions on When average cost is declining ........ for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

When average cost is declining ........

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    When average cost is declining

    Marginal cost must be declining.

    Incorrect Answer

    Marginal cost must be above average cost.

    Incorrect Answer

    Marginal cost must be below average cost.

    Correct Answer

    Marginal cost must be rising.

    Incorrect Answer
    Explanation:

    Marginal cost must be below average cost.

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