a
falls continuously throughout
b
falls and later rises
c
remains unchanged throughout
d
rises and later falls
Explanation
Correct Option
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Vioncy
9 years ago
Here is an explanation:
MC is defined as change in total Cost as a result of the production of one more unit of output. However, in the short run, fixed cost remains UNCHANGED so we can can explain MC as change in Total variable cost (TVC) as a result of one unit change in output....although MC does not depend on Fixed cost but it is constant in all level of production.
