Whenever marginal cost is more than …………average total cost is falling:

Related MCQs

• Whenever ………..is greater than average total cost, average total cost is rising.
• So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue
• …….. principle is closely related to the marginal costs and marginal revenue of economic theory
• ………..principle is closely related to the marginal costs and marginal revenue of economic theory
• When the total product curve is falling, the:
• The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:
• The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
• When marginal product reaches its maximum, what can be said of total product?
• Total Revenue will be maximum at the point where Marginal Revenue is
• Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.