Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 5QR
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Question
![3. As marginal cost rises, average variable
cost necessarily rises.
True
False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F361684af-4b1b-4ecc-b1cb-2809a8d5c000%2F473fbbb5-a778-420f-911d-41ef70618ee3%2Fkm80gwu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. As marginal cost rises, average variable
cost necessarily rises.
True
False
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