Question: As output rises, the difference between ATC and AVC ______. a) rises b) stays the same c) falls

As output rises, the difference between ATC and AVC ______. 

a) rises

b) stays the same

c) falls

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

As output rises the difference between ATC average total cost and AVC average variable cost falls He... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!