The following data show the relationship between total costs and output in the short run. The firm's marginal costs are equal to average total cost somewhere between units
A)1 and 2.
B)2 and 3.
C)3 and 4.
D)4 and 5.

Question

The following data show the relationship between total costs and output in the short run.  The firm's marginal costs are equal to average total cost somewhere between units
A)1 and 2. 
B)2 and 3. 
C)3 and 4. 
D)4 and 5.

Quizplus · Accepted Answer

The Answer of The following data show the relationship between total costs and output in the short run.  The firm's marginal costs are equal to average total cost somewhere between units
A)1 and 2. 
B)2 and 3. 
C)3 and 4. 
D)4 and 5.

The Following Data Show the Relationship Between Total Costs and Output