Which of the following statements is not true?
a. marginal cost is the change in a firm's to...
Business, 11.11.2019 19:31, esnyderquintero
Which of the following statements is not true?
a. marginal cost is the change in a firm's total cost due to a one unit change in output.
b. costs that are small and unimportant with little impact on profits are called marginal costs.
c. a marginal cost curve will always intersect the average total cost curve at the minimum average total cost.
d. marginal cost and marginal productivity are inversely related.
Answers: 3
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