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Social Science Clinic => Economics => Topic started by: tuffie on Apr 19, 2019

Title: When marginal cost is between average variable cost and average total cost, marginal cost is increasing.
Post by: tuffie on Apr 19, 2019

Question 1

Average total cost and average variable cost are minimized at the same level of output.

◦ true
◦ false

Question 2

When marginal cost is between average variable cost and average total cost, marginal cost is increasing.

◦ true
◦ false

Title: When marginal cost is between average variable cost and average total cost, marginal cost is increasing.
Post by: ghepp on Apr 19, 2019

Answer 1

false

Answer 2

true

Title: When marginal cost is between average variable cost and average total cost, marginal cost is increasing.
Post by: tuffie on Apr 19, 2019

Thank you!

Title: When marginal cost is between average variable cost and average total cost, marginal cost is increasing.
Post by: ghepp on Apr 19, 2019

Always glad to help...