Is it possible for average total cost to be decreasing over a range of output where marginal
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Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing? Briefly explain.
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Yes it is possible for average total cost ATC to be decreasing over a range of output where marginal cost MC is increasing This is because ATC is calc...View the full answer
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Munibah Munir
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