Average costs and marginal costs always rise and decline at the same time.

Name: Average costs and marginal costs always rise and decline at the same time.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Average costs and marginal costs do not always rise and decline at the same time. Marginal cost can be increasing while average cost is decreasing; or marginal cost may be decreasing while average cost is increasing. This depends on the shape of the cost function.

Average Costs and Marginal Costs Always Rise and Decline at the Same