For any given level of output: average fixed cost must be greater than average variable cost. average variable cost must be greater than average fixed cost. marginal cost must be greater than average cost. fixed cost must be greater than variable cost. None of the above is necessarily correct.

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Business

Whitie

1 January, 04:47

For any given level of output: average fixed cost must be greater than average variable cost. average variable cost must be greater than average fixed cost. marginal cost must be greater than average cost. fixed cost must be greater than variable cost. None of the above is necessarily correct.

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Genevieve Combs · Answer 1

The answer is None of the above is necessarily correct.

This is because there is not enough information to validate any of the statements and costs could. be greater or lesser than one another depending on the rate of production, costs and other factors.