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