If the sign of the first derivative of ATC with respect to Q is positive:
A) ATC is increasing as Q increases.
B) ATC is decreasing as Q increases.
C) ATC is constant as Q increases.
D) TC is increasing as Q increases.

Question

Quizplus · Accepted Answer

The first derivative of ATC (Average Total Cost) with respect to Q (quantity) being positive means that as the quantity produced (Q) increases, the ATC is increasing.

If the Sign of the First Derivative of ATC with Respect