General Knowledge · General Studies
When the average cost (AC) of production decreases, how does the marginal cost of production behave?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is the difference between revenue and cost.
- 2It is less than the average cost.✓
- 3It is equal to the national income.
- 4It is equal to the average cost.
Correct answer
It is less than the average cost.
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