Which of the following statement is correct?

Foundry Technology Mcqs
BILAL KHATTAK0

A.When average cost is decreasing, it is more than marginal cost
B.When average cost is decreasing, it is less than marginal cost
C.When average cost is increasing, it is more than marginal cost
D.None of the above

Related Mcqs:

  1. In the short run, the competitive firm can maximise its profits (or minimise its losses) by
  2. Which one of the following pairs is correctly matched?
  3. In the long run equilibrium of a competitive firm, which one of the following will not hold true?
  4. Average fixed cost
  5. A consumer spends his income according to the law of:
  6. A competitive firm will maximise profits at the output where
  7. In the short run, in cannot produce at an economic profit
  8. Rain drops fall from a great height under gravity. Select the only correct statement from the following
  9. The other name of overhed cost is:
  10. Expenditure on fertilizers is called:

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