At quantities above the minimum-cost outputa marginal cost, Ask an Expert

Economics

At quantities above the minimum-cost output:

a. marginal cost is less than average total cost and average total cost is falling.

b. marginal cost is less than average total cost and average total cost is rising.

c. marginal cost is equal to average total cost.

d. marginal cost is greater than average total cost and average total cost is rising.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91567392

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