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