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  3. 12th Class
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12th Class Economics Solved Paper - Economics 2016 Delhi Set-I

  • question_answer
    What is the relation between marginal cost and average variable cost when marginal cost is rising and average variable cost is falling?

    Answer:

    Marginal cost lies below the average variable cost when marginal cost is rising and average variable cost is falling. In other words as long as marginal cost is below the average variable cost, the AVC continues to fall, no matter the MC is rising.


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