If the marginal cost curve is above the average total cost curve, then average total cost must be:

Name: If the marginal cost curve is above the average total cost curve, then average total cost must be:
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Quizplus · Accepted Answer

When the marginal cost is above the average total cost, it means that the cost of producing one more unit is higher than the average cost of production up to that point. This situation leads to an increase in the average total cost as more units are produced.

If the Marginal Cost Curve Is Above the Average Total