Question

refer to figure 13-5. which of the following statements is correct?group of answer choicesmarginal cost is rising for quantities higher than d because marginal cost is higher than average total cost.average variable cost is declining for quantities less than b because marginal cost is lower than average variable cost.

Answer 1

Average variable cost is declining for quantities less than B because marginal cost is lower than average variable cost. This is the correct statement.

The marginal cost refers back to the growth in production charges generated by means of the production of extra product gadgets. it is also referred to as the marginal price of manufacturing. Calculating the marginal value lets corporations look at how extent output impacts value and as a result, ultimately, profits.

Marginal fee includes all of the fees that vary with that degree of production. as example, if an agency needs to construct an entirely new manufacturing facility so that it will produce more goods, the value of building the manufacturing facility is a marginal value. the amount of marginal price varies consistent with the quantity of the good being produced.

Learn more about marginal cost here: brainly.com/question/17230008

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