Question

state the relation between average and marginal cost of production​

Answer 1

Answer:

Hey buddy here's ur answer

The curves show how each cost changes with an increase in product price and quantity produced. When the average cost declines, the marginal cost is less than the average cost. When the average cost increases, the marginal cost is greater than the average cost

Answer 2

Answer: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 total cost, in this reference, is the sum total of the total fixed cost plus total variable cost at a given level of output.

here you go i hope this is the answer u were looking for :)