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"Average cost rises only when marginal cost is rises". State true or false & explain with the help of a graph.

Dear student,

Refer to the following link to view the answer.

https://www.meritnation.com/ask-answer/question/state-true-or-false-with-reason1-when-total-product-is-cons/production-and-costs/9957247

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  • When the average cost declines, the marginal cost is less than the average cost.
  • When the average cost increases, the marginal cost is greater than the average cost.
  • When the average cost stays the same (is at a minimum or maximum), the marginal cost equals the average cost.
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