204) choose the correct answer:1.When marginal costs are below average total costs, average total costs must be falling. 2.If a firm has fixed costs of production and if marginal cost increases, as the quantity produced increases, the correspo
Answer is:
1-T,2-T,3-F
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
1-T,2-F,3-F
Answer is:
accounting profit will exceed economic profit.
Answer is: