Business, 18.08.2020 19:01 jordandabrat

A firm is producing 20 units with an average total cost of $25 and marginal cost of $15. If it were to increase production to 21 units, which of the following must occur? a. Marginal cost would decrease.
b. Marginal cost would increase.
c. Average total cost would decrease.
d. Average total cost would increase.

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A firm is producing 20 units with an average total cost of $25 and marginal cost of $15. If it were...

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