Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

if average variable costs are increasing while average total costs are decreasing, then

Sagot :

Martebi

The average cost is known as unit cost. It is equal to total cost divided by the number of goods produced. If Average variable costs are increasing while average total costs are decreasing, then marginal cost must lie between average variable and average total costs.

  • The Marginal cost of an item is simply known as the increase in cost that accompanies a unit increase in output.

The relationship that exist between Average total costs and Marginal cost is that:

  • When there is a decrease in average cost, the marginal cost is then less than the average cost.

  • When the average cost increases, the marginal cost will then be greater than the average cost.

  • When the average cost remains unchanged (is at a minimum or maximum), the marginal cost is equals the average cost.

Learn more from

https://brainly.com/question/25003870

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.