If average cost is decreasing
A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less than average cost.
D) Not enough information
Answer: marginal cost is less than average cost.
If average cost is decreasing
A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less than average cost.
D) Not enough information
Answer: marginal cost is less than average cost.