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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