Business, 21.02.2020 18:50 lillianrhoades2

All of the following statements are true about marginal cost except:
I. marginal cost increases as production expands.
II. when marginal cost is below average cost, average cost is falling.
III. when marginal cost is above average cost, average cost is constant.
IV. when marginal cost meets the average total cost, the average total cost is at its minimum point.
O II and III
O only
O II only
O III only I
O II and IV
O IV only

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All of the following statements are true about marginal cost except:
I. marginal cost increas...

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