At quantities above the minimum-cost output

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Reference no: EM13893270

At quantities above the minimum-cost output:

a. marginal cost is less than average total cost and average total cost is falling.

b. marginal cost is less than average total cost and average total cost is rising.

c. marginal cost is equal to average total cost.

d. marginal cost is greater than average total cost and average total cost is rising.

Reference no: EM13893270

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