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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What happens to unit costs as marginal costs rise? Explain your answer.

To determine

What happens to unit cost if the marginal costs rise.

Explanation

Figure 1:

Figure 1 shows the marginal cost curve and average total cost curve.

A unit cost is also known as the average total cost (ATC). In general, if the marginal cost increases, it is not necessary that the average total cost (ATC) will increase...

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