Question

What is the general relationship between avc atc and mc?

Answer 1

Explanation:

If MC = ATC, then ATC is at its low point. If MC < ATC, then ATC is falling. Relationship Between Marginal and Average Costs  Marginal and average total cost reflect a general relationship that also holds for marginal cost and average variable cost. If MC > AVC, then AVC is rising.

Answer 2

When AVC increases, the mc value become high than AVC and when AVC is less, the mc value is less that AVC.

Explanation:

• AVC refers to the average cost which is defined as the total capital spent on the commodities by the industry.
• Marginal cost refers to the cost used in the supply of the products to the customers.
• The value of the marginal cost increases and reaches a point above AVC when more expenses are spent in the production of goods.
• The value of MC lies below AVC when AVC value is low.

To know more:

1) Explain relationship between AC and AVC.

class11

Economics...

https://brainly.in/question/4237215.

2) Difference between ac and avc as production is increased

https://brainly.in/question/9192114