If marginal cost is GREATER than average total cost,then average total cost is:
A)at its maximum.
B)at its minimum.
C)rising.
D)falling.

Question

Quizplus · Accepted Answer

When marginal cost is greater than average total cost, it means that each additional unit produced is adding more to the total cost than the average of all units produced so far. This implies that the average total cost must be rising as additional units are produced, making choice C the correct answer.

If Marginal Cost Is GREATER Than Average Total Cost,then Average