Suppose marginal cost is MC = $20 and average variable cost is AVC = $15. From this

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Suppose marginal cost is MC = $20 and average variable cost is AVC = $15. From this we know for sure:

A. MC is decreasing.

B. ATC is decreasing.

C. ATC (average total cost) is decreasing.

D.AVC is increasing.

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Oct 22, 2020 01:06 PM

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Suppose marginal cost is MC = $20 and average variable cost is AVC = $15. From this

Question:

Expert Answer:

option B is correct BATC is decrea... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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