Which one of the following statement is not correct

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Which one of the following statement is not correct?

A. Marginal cost declines at a faster rate as compared to the average cost

B. Marginal cost rises at a faster rate as compared to the average cost

C. Marginal cost equals average cost where average cost is minimum

D. Average cost equals marginal cost where marginal cost is minimum

Answer: Option D

This Question Belongs to Management >> Managerial Economics

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