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Phydeaux Phydeaux
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6 years ago
A business has no fixed costs. If average total cost is decreasing as output increases,
A) average total cost is greater than marginal cost.
B) average total cost is less than marginal cost.
C) average total cost equals marginal cost.
D) marginal cost is increasing.
E) total cost is decreasing.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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#1
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