Business

Ezequiel Duncan

29 December, 10:11

Consider a firm's short-run cost curves. If average total cost is increasing as output rises, then

Select one:

a. total fixed costs must be increasing

b. average variable cost must be increasing,

c. marginal cost must be below average total cost.

d. average fixed costs must be increasing.

e, average total cost is no longer equal to the sum of average variable cost and average fixed cost.