Which of the following relationships is NOT valid? A. When marginal cost is above average variable cost, AVC is rising. B. Rising marginal cost implies that average total cost is also rising. C. When marginal cost is below average total cost, the latter is falling. D. None of the above

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06-07-2021
Business

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Which of the following relationships is NOT valid? A. When marginal cost is above average variable cost, AVC is rising. B. Rising marginal cost implies that average total cost is also rising. C. When marginal cost is below average total cost, the latter is falling. D. None of the above

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