When Marginal cost and Average cost falls,Group of answer choicesthey fall at the same speed.Marginal cost falls faster than Average Cost.they do not depend on output.Average cost falls faster than Marginal cost.

Which of the following is true about the relationship between Marginal cost and Average cost?Group of answer choicesMarginal cost should be rising when Average cost begins to rise.Average cost always rises when marginal cost rises.Marginal cost equals Average cost at the minimum point of Marginal cost.Marginal cost is always less than Average cost as a firm produces more.

Average total cost is very high when a small amount of output is produced becauseGroup of answer choicesaverage variable cost is high.average fixed cost is high.marginal cost is high.marginal product is high.

Which of the following must be falling when the short run marginal cost is less than it, and rising when the short run marginal cost is greater than it?  Choose all answers that are correct.Group of answer choicesAverage variable costShort run average total costFixed costVariable cost

Total fixed cost divided by the amount of output produced is equal to:Multiple choice question.average fixed cost.average variable cost.average total cost.marginal cost.

Which of the following is always true of the relationship between average and marginal costs? aAverage total costs are increasing when marginal costs are increasing. bMarginal costs are increasing when average variable costs are higher than marginal costs. cAverage variable costs are increasing when marginal costs are increasing. dAverage variable costs are increasing when marginal costs are higher than average variable costs.