When marginal cost is greater than average total cost, the Select one: OA. average total cost decreases as output increases. B. marginal cost decreases as output increases Iverage total cost increases as output increases D. marginal cost does not change as output increases

When marginal cost is greater than average total cost, the Select one: OA. average total cost decreases as output increases. B. marginal cost decreases as output increases Iverage total cost increases as output increases D. marginal cost does not change as output increases

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 4CQQ

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Question

Solve the attachment.

When marginal cost is greater than average total cost, the
Select one:
OA.
average total cost decreases as output increases.
B.
marginal cost decreases as output increases
Iverage total cost increases as output increases
D.
marginal cost does not change as output increases

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