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Earn +20 ptsQ: If average cost increases does marginal cost increase?
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When marginal costs are below average cost at a given output one can deduce that if output increases what happens?
when marginal costs are below average cost at a given output, one candeduce that, if output increases dose average costs fall or marginal costs will fall
When marginal costs are below average cost at a given output one can deduce that if output increases?
when marginal cost are below average cost at a given output, one can deduce that,
What happen if marginal cost is less than Average cost?
Average cost declines and output increases.
How do you find marginal average cost?
Marginal cost comes from the costs of producing just one more of something.
Why does marginal cost rise as production increases?
Marginal cost is equal to the ratio of change in total cost or total variable cost to change in quantity of output. Marginal cost increases as total product increases since it reflects the law of diminishing marginal returns.
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