Answer Happy

Average total cost will ( increase, decrease or not
Marginal cost will (increase, decrease or not
change)
b. lower wage rates
Average total cost will (increase, decrease or not
change)
Marginal cost will (increase, decrease or not
change)
c. lower prices for fish
Average total cost will (increase, decrease or not
change)
Marginal cost will (increase, decrease or not
5- Use the graph to identify the changes to the cost curves due to Price or Cost (dollars per fish) a. higher feed prices. Average total cost will [Select] Marginal cost will [Select] b. lower wage rates. Output (fish per day) Average total cost will [Select] Marginal cost will [Select] clower prices for fish. Average total cost will [Select] MC Marginal cost will [Select] ATC P = MR