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What is the marginal-average rule?

What is the marginal-average rule?

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Answer #1

It us rule which applies to many situations like cost, revenue in economics

According to this rule when marginal value is below average value say E. G marginal revenue<average revenue average value I. E average revenue will fall. When marginal value is above average, average value will rise and when marginal value=average value average will not change. Note however it says how average changes with respect to margial, not how marginal changes with respect to average

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