Question

discuss the relation ship between average total cost and marginal cost.

Answer 1

Answer:

Relationship Between Average and Marginal Cost

When the average cost increases, the marginal cost is greater than the average cost. When the average cost stays the same (is at a minimum or maximum), the marginal cost equals the average cost.

Plzz marka as brainliest answer

Answer 2

Both average cost and marginal cost are derived from total cost. Average cost is obtained by dividing total cost by the number of units produced. Marginal cost is the cost of producing one additional unit of output. The marginal cost curve bears relationship to the average cost curve.

Hope it helps you frnd ❤️❤️

Please mark me as the brainliest and thank my answers

##follow me if u haven't ❤️❤️❤️