Economics · Theory of Production and Cost
What is the relationship between the marginal cost (MC) and average total cost (ATC) when the average total cost curve is decreasing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MC remains completely unaffected.
- 2MC is greater than ATC.
- 3MC is equal to ATC.
- 4MC is less than ATC.✓
Correct answer
MC is less than ATC.
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