what will happen to ATC when MC> ATC ?
Dear Student,
The answers given by both the students are correct. When marginal cost becomes greater than average cost, then this implies both average and marginal costs are increasing, but marginal cost is increasing at a higher rate than the average cost.
Keep Posting!!
The answers given by both the students are correct. When marginal cost becomes greater than average cost, then this implies both average and marginal costs are increasing, but marginal cost is increasing at a higher rate than the average cost.
Keep Posting!!
