If marginal cost is less than average total cost, then _____ cost is _____.
A) average total; increasing
B) average total; decreasing
C) marginal; necessarily increasing
D) marginal; necessarily decreasing

Name: If marginal cost is less than average total cost, then _____ cost is _____. A) average total; increasing B) average total; decreasing C) marginal; necessarily increasing D) marginal; necessarily decreasing
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Question

Quizplus · Accepted Answer

Average total cost is decreasing when marginal cost is less than average total cost.

If Marginal Cost Is Less Than Average Total Cost, Then