Describe why the following statement is true it is possible, Ask an Expert

Economics

1. Explain why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.

2. Why do business firms tend to be inefficient at very low and very high levels of production? Address both fixed and variable costs.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9166741

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