Question

If marginal cost exceeds average total cost in the short run, it means

Answer 1

Answer:

There is no short answer.

Explanation:

If marginal total cost, which is the amount it takes to produce a single additional unit of the product or service, exceeds the average total cost, which is the total cost divided by the total product amount, then it means that the average total cost is increasing with every single unit.

I hope this answer helps.