Solved

-What Could Have Caused the Average Total Cost Curve to Decrease

Question 113

Question 113

Multiple Choice

-What could have caused the average total cost curve to decrease from ATC₁ to ATC₂?

A) The price of the product has decreased.
B) The price of a variable input has decreased.
C) Average product has decreased.
D) Average variable costs have increased.
E) Average fixed costs have increased.

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