Thank you very much. You did an excellent job on the power point presentation. Thanks!
I have Economics class this semester and I need help with this question. I have trouble with graphs in this class.
Can someone steer me in the right direction on how to answer this?
8. What happens along the average total cost curve as:
a) Marginal product is increasing?
b) Marginal cost is decreasing?
c) Average variable costs are decreasing?
d) Total product increases at a decreasing rate?
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