When marginal-cost curve lies: a. above the ATC curve, ATC rises b. above the AVC curve, ATC rises c. below the AVC curve, total fixed cost increases d. below the ATC curve, total fixed cost falls Please, show your answer graphically.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
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When marginal-cost curve lies:
a. above the ATC curve, ATC rises
b. above the AVC curve, ATC rises
c. below the AVC curve, total fixed cost increases
d. below the ATC curve, total fixed cost falls
Please, show your answer graphically.

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