If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the Multiple Choice marginal cost is decreasing. marginal cost equals average total cost. marginal cost equals average variable cost. average total cost equals average variable cost.

If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the Multiple Choice marginal cost is decreasing. marginal cost equals average total cost. marginal cost equals average variable cost. average total cost equals average variable cost.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter22: Supply: The Costs Of Doing Business

Section: Chapter Questions

Problem 14E

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