If marginal cost is less than average total cost, then ________ is ________.
A) average total cost; falling
B) average variable cost; falling
C) marginal cost; falling
D) marginal cost; rising

Name: If marginal cost is less than average total cost, then ________ is ________. A) average total cost; falling B) average variable cost; falling C) marginal cost; falling D) marginal cost; rising
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Question

Quizplus · Accepted Answer

When marginal cost is less than average total cost, it pulls the average total cost down, causing it to fall.

If Marginal Cost Is Less Than Average Total Cost, Then