If marginal cost is greater than average total cost, then average total cost is:
A) at its maximum.
B) at its minimum.
C) increasing.
D) decreasing.

Name: If marginal cost is greater than average total cost, then average total cost is: A) at its maximum. B) at its minimum. C) increasing. D) decreasing.
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Question

Quizplus · Accepted Answer

When marginal cost is greater than average total cost, it pulls the average total cost upwards, indicating that average total cost is increasing.

If Marginal Cost Is Greater Than Average Total Cost, Then