Question: 7. when marginal costs are below average total costs, O average fixed costs are rising. average total costs are falling. O average total costs


7. when marginal costs are below average total costs, O average fixed

7. when marginal costs are below average total costs, O average fixed costs are rising. average total costs are falling. O average total costs are rising. O average total costs are minimized.

Step by Step Solution

3.44 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

When marginal cost is below average total cost average tota... 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 Economics Questions!