If average variable cost is falling with increasing output, then a.marginal cost must be less than...
If average variable cost is falling with increasing output, then
a.marginal cost must be less than average variable cost.
b.marginal cost must be greater than average variable cost.
c.average fixed cost is rising.
d.marginal cost must be rising.
e,marginal cost must be falling.
Homework Answers
If the average variable cost is falling with increasing output then the firm is experiencing an economies of scale and as they increase the production, the total cost of the production will fall.
The answer is "A", marginal cost must be less than average variable cost, the point where the marginal cost and the average cost are equal the economies of scale ends and the price will be rising.
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If average variable cost is falling with increasing output,
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