Question

What is the relstionship between average variable cost and marginal cost

Answer 1

Answer:

here's ur answer dude

Explanation:

When marginal cost is less than average variable cost, average variable cost is decreasing. When marginal cost is greater than average variable cost, average variable cost is increasing.

hope it helps

Answer 2

Answer:

The average variable cost curve lies below the average total cost curve and is typically U-shaped or upward-sloping. Marginal cost (MC) is calculated by taking the change in total cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping.