What is the Relation Between Marginal Cost and Average Cost When Average Cost is Rising? - Economics
What is the relation between marginal cost and average cost when average cost is rising?
When the average cost (AC) is rising, the marginal cost (MC) is greater than AC. It implies that the AC curve will rise from the equilibrium point, and beyond this point, MC > AC.
Concept: Total, Average and Marginal Cost
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