What is the relation between marginal cost and average variable c… - Vidyadip

Question

What is the relation between marginal cost and average variable cost when marginal cost is rising and average variable cost is falling?

✓

Answer

MC is less than AVC.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Production and cost→Production and cost — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

What is meant by Average Propensity to Consume?

What is meant by revenue deficit?

Give one reason for a shift in demand curve.

Who is a producer?

Give the meaning of full employment.

What is meant by monotonic preferences?

Will the following items be included or not in National Income of India? Give reason for your answer.
Consultation fee received by a doctor.

Define "Real GNP".

What does cost mean in economics?

What is the slope of budget line?