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For the last 30 years, every economics major who has gone on to pursue a Ph.D. has received a fully funded scholarship or fellowship. Watch this video to...

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Economics Test Tips

SOLVED:(based on a question from the GRE Economics Test) Which of the following statements about average cost and marginal cost is correct? (A) If average cost is increasing, marginal cost must be increasing. (B) If average cost is increasing, marginal cost must be decreasing. (C) If average cost is increasing, marginal cost must be more than average cost. (D) If marginal cost is increasing, average cost must be increasing. (E) If marginal cost is increasing, average cost must be larger than mar

SOLVED:(based on a question from the GRE Economics Test)

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