Units of product-marginal cost equals average total cost

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Reference no: EM13860743

If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the:

Marginal cost is decreasing

Marginal cost equals average variable cost

Average total cost equals average variable cost

Marginal cost equals average total cost

Reference no: EM13860743

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