- Answer Question 10 And 11 Using The Diagram Below 1 (48.49 KiB) Viewed 20 times
Answer Question 10 and 11 using the diagram below.
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Answer Question 10 and 11 using the diagram below.
Answer Question 10 and 11 using the diagram below.
QUESTION 10 Answer Question 10 and 11 using the diagram below. The diagram shows the daily average cost curve for a DVD producer. Costs (E) Average Cost Output (4 Marks) Explain what happens to total cost at output levels greater than Z. A. Total cost decreases at an increasing rate B. Total costs continue to rise but more steeply C. MC < AC, therefore AC rises D. MC <AC, therefore TC increases at a faster rate
QUESTION 10 Answer Question 10 and 11 using the diagram below. The diagram shows the daily average cost curve for a DVD producer. Costs (E) Average Cost Output (4 Marks) Explain what happens to total cost at output levels greater than Z. A. Total cost decreases at an increasing rate B. Total costs continue to rise but more steeply C. MC < AC, therefore AC rises D. MC <AC, therefore TC increases at a faster rate