Question

Q11. When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c. average total costs are rising. d. average total costs are minimized.

Answer 1

When marginal costs are below average total costs, average total costs are falling. Option B is correct.

What is Marginal Cost?

In simple terms, marginal cost is defined as the extra cost of producing more or an extra unit of a product.

In other words, it is the cost of producing extra units of a product.

Learn more about Marginal Cost

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