(A) less than price at low levels of output and greater than price at high levels of output.
(B) always greater than price.
(C) lower than price for all units other than the first.
(D) always equal to price.
»Important Links:
Online Test Preparation and Mcqs Website.
(A) less than price at low levels of output and greater than price at high levels of output.
(B) always greater than price.
(C) lower than price for all units other than the first.
(D) always equal to price.