When marginal cost is greater than average total cost, the ……..?
Select ONE answer:
- Marginal cost decreases as output increases.
- Average total cost decreases as output increases.
- Marginal cost does not change as output increases.
- Average total cost increases as output increases.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 4
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