Economics · Cost Theory
If the Total Cost (TC) curve is an upward rising straight line with a positive vertical intercept, then which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1AC rises as output rises
- 2AC < MC
- 3MC < AC✓
- 4MC = AC
Correct answer
MC < AC
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