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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
When average cost falls, marginal cost:
  1. Falls.
  2. Rises.
  3. May fall or may rise.
  4. Neither falls nor rises.
✓

Answer

  1. May fall or may rise.

​​​​​​​Solution:

When average cost falls, marginal cost may fall or may rise.

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