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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
When average cost falls, marginal cost:
  • A
    Falls.
  • B
    Rises.
  • ✓
    May fall or may rise.
  • D
    Neither falls nor rises.
✓

Answer

Correct option: C.
May fall or may rise.

When average cost falls, marginal cost may fall or may rise.

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