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If marginal cost is less than average total cost, a. average variable cost must be decreasing. b. marginal cost must be decreasing.O c. average total cost is decreasing. d. average total cost is increasing.

If marginal cost is less than average total cost, a. average variable cost must be decreasing. b. marginal cost must be decreasing.O c. average total cost is decreasing. d. average total cost is increasing.

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If marginal cost is less than average total cost, a. average variable cost must be decreasing. b. marginal cost must be decreasing.O c. average total cost is decreasing. d. average total cost is increasing.
Transcribed Image Text:If marginal cost is less than average total cost, a. average variable cost must be decreasing. b. marginal cost must be decreasing.O c. average total cost is decreasing. d. average total cost is increasing.
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