Q11. When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c

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3 years ago

12

. average total costs are rising. d. average total costs are minimized.

1 answer:

gogolik [260] · Answer 1 · 2023-01-04T02:24:31+03:00

When marginal costs are below average total costs, average total costs are falling. Option B is correct.

<h3>What is Marginal Cost?</h3>

In simple terms, marginal cost is defined as the extra cost of producing more or an extra unit of a product.

In other words, it is the cost of producing extra units of a product.

Learn more about Marginal Cost

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