Business

9 April, 19:35

If, at the current level of output, a firm's average cost is greater than its marginal cost, then:

A) an increase in output must raise its aversge cost still further above marginal cost.

B) a reduction in output would rise average cost.

C) the firm is producing beyond its minimum average cost level

D) the marginal cost curve is downward sloping at the current level of output

E) Average fixed cost must be constant

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