CA CPT Model Test Paper 13 with solutions for online practice

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Question : 114 of 200

Marks: +1, -0

The marginal cost for a firm of producing the 9th unit of output is Rs. 20. Average cost at the same level of output is Rs. 15. Which of the following must be true?

marginal cost and average cost are both falling.
marginal cost and average cost are both rising.
marginal cost is rising and average cost is falling
it is impossible to tell if either of the curve are rising or falling

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