Question

Explain the relation between marginal cost and average cost.

Answer 1

Explanation:

The relationship between the marginal cost and average cost is the same as that between any other marginal-average quantities. When marginal cost is less than average cost, average cost falls and when marginal cost is greater than average cost, average cost rises.

Answer 2

Answer:

here is your answer hope you like it...

Explanation:

pic is already with explanation