A u-shaped average total cost curve implies what- first, Ask an Expert

Economics

A U-shaped average total cost curve implies what?:

- First, diminishing returns, and then, increasing returns.

-First, marginal cost less than average total cost, and then marginal cost greater than average total cost.

-That total costs are at a minimum at the minimum of the average cost curve.

-A linear total cost curve.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91298487

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