Solved

If Marginal Cost Exceeds Average Variable Cost but Is Less

Question 295

Multiple Choice

If marginal cost exceeds average variable cost but is less than average total cost, then as output increases average total cost ________ and average variable cost ________.


A) increases; decreases
B) decreases; decreases
C) increases; increases
D) decreases; increases

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents