What happens when the output elasticity of total cost is less than - ProProfs Discuss
Topics
Products
Follow Us:

What happens when the output elasticity of total cost is less than one?



A. Marginal cost is less than average cost and average cost decreases as Q increases.
B. Marginal cost is less than average cost and average cost increases as Q increases.
C. Marginal cost is greater than average cost and average cost decreases as Q increases.
D. Marginal cost is greater than average cost and average cost increases as Q increases.

This question is part of Chapter 7: Microeconomics
Asked by Twright, Last updated: Mar 26, 2020

+ Answer
Request

1 Answer

John Smith

John Smith

Answered Mar 18, 2017

A. Marginal cost is less than average cost and average cost decreases as Q increases.
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.