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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average total costs, what should your firm do?
A) Decrease production.
B) Maintain production at the current level.
C) Look for ways to increase fixed costs.
D) Increase production.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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sinerus Author
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6 years ago
Thanks
kh540941
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Yesterday
Smart ... Thanks!
gma_of_7
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2 hours ago
Just got PERFECT on my quiz
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