. If the marginal cost is above the average cost at a certain level of production and the firm decides to increase outpu
Posted: Wed Jul 06, 2022 5:54 am
. If the marginal cost is above the average cost at a certainlevel of production and the firm decides to increase output,then:
a. The average cost will increase but the marginal cost willdecrease.
b. Both the average and the marginal cost will increase.
c. The average cost will increase but the average cost willdecrease.
d. Both the average and the marginal cost will decrease.
a. The average cost will increase but the marginal cost willdecrease.
b. Both the average and the marginal cost will increase.
c. The average cost will increase but the average cost willdecrease.
d. Both the average and the marginal cost will decrease.