-Marginal cost is not shown in this figure, but if it were it would be less than average variable cost and average total cost at:

Question

Quizplus · Accepted Answer

Marginal cost is the cost of producing one additional unit of output. At output A, average variable cost and average total cost are both decreasing, which means that the cost of producing each additional unit is decreasing. Therefore, marginal cost must be less than average variable cost and average total cost at output A.

-Marginal Cost Is Not Shown in This Figure, but If