20 Which of the following must be true if at the 10th unit of output, marginal cost is $130 and ATC is $150? 2 ATC of producing the 9th unit is higher than $150 MC of producing the 9th unit is higher than $130 AVC of producing the 10th unit is equal to $20 ATC of producing the 9th unit is less than $150 AVC of producing the 10th unit is higher than $150
20 Which of the following must be true if at the 10th unit of output, marginal cost is $130 and ATC is $150? 2 ATC of producing the 9th unit is higher than $150 MC of producing the 9th unit is higher than $130 AVC of producing the 10th unit is equal to $20 ATC of producing the 9th unit is less than $150 AVC of producing the 10th unit is higher than $150
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 6MC
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