Question

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

Answer 1

Answer:

When Marginal Cost is rising and Average Variable Cost is falling Marginal cost lies below the Average Variable Cost. MC is less than AVC.

Answer 2

Answer:

When Marginal Cost is rising and Average Variable Cost is falling Marginal cost lies below the Average Variable Cost. MC is less than AVC.