If the average total cost is declining then :


A) the marginal cost must be less than the average total cost

B) total cost must be constant

C) the average fixed cost curve must be above the average variable cost curve

D) the marginal cost must be greater than the average total cost

Correct Answer:
B) total cost must be constant


Part of solved CDS GK(3) questions and answers : Exams >> CDSE >> CDS GK(3)








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