Decreasing function of output


When average cost is a decreasing function of output:

A) marginal cost equals average cost

B) marginal cost equals marginal utility

C) marginal cost is more than marginal utility

D) marginal cost is less than average cost

E) this is not possible, only a theoretical concept

Request for Solution File

Ask an Expert for Answer!!
Business Management: Decreasing function of output
Reference No:- TGS0105232

Expected delivery within 24 Hours