Given the production function and total cost function shown in Chapter 4, as production increases, average total costs

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According to the law of diminishing marginal returns, as more units of output are produced, the marginal cost increases, causing the average total costs to decrease initially. However, at a certain level of output, the marginal cost starts to increase, causing the average total costs to start increasing as well. Therefore, average total costs decrease for a while and then increase.

Given the Production Function and Total Cost Function Shown in Chapter