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Consider the following statements when answering this questionI. Whenever a firm's average variable costs are falling as output rises, marginal costs must be falling too.II. Whenever a firm's average total costs are rising as output rises, average variable costs must be rising too.



A. A. I is true, and II is false.
B. B. I is false, and II is true
C. C. I and II are both true.
D. D. I and II are both false.

This question is part of Chapter 7: Microeconomics
Asked by Twright, Last updated: Mar 28, 2020

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1 Answer

John Smith

John Smith

Answered Mar 18, 2017

B. I is false, and II is true
 

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