Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing? Briefly explain

What will be an ideal response?

Yes. As long as the marginal cost is below the average total cost, average total cost will be decreasing.

Economics

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In the long run, the output level is determined by

A. aggregate demand. B. aggregate supply. C. household income. D. the government.

Economics

Adverse selection is a

a. Pre-contractual problem b. Post contractual problem c. Post firing problem d. None of the above

Economics