What happens when the output elasticity of total cost is less than - ProProfs Discuss
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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 on Mar 18, 2017

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1 Answer

John Smith

John Smith

Answered on Mar 18, 2017

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