Which of the following is NOT true? At the minimum-cost output, the marginal cost curve crosses the average totai cost curve At output greater than the minimum-cost output, marginal cost is greater than average total cost and average total cost is falling At output less than the minimum-cost output, marginal cost is less than averag total cost and average total cost is falling At output greater than the minimum-cost output, marginal cost is greater than average total cost and average total cost is rising
Which of the following is NOT true? At the minimum-cost output, the marginal cost curve crosses the average totai cost curve At output greater than the minimum-cost output, marginal cost is greater than average total cost and average total cost is falling At output less than the minimum-cost output, marginal cost is less than averag total cost and average total cost is falling At output greater than the minimum-cost output, marginal cost is greater than average total cost and average total cost is rising
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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