CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
Question
Even when marginal cost is rising, average variable cost may fall.
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Answer
True. Even when marginal cost is rising, average variable cost may fall, as corresponding to output range MQ in . AVC will fall even when MC is rising, so long as MC < AVC.
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