-What Could Have Caused the Average Total Cost Curve to Decrease

question 45

Multiple Choice

-What could have caused the average total cost curve to decrease from ATC₁ to ATC₂?

• A)The price of the product has decreased.
• B)The price of a variable input has decreased.
• C)Average product has decreased.
• D)Average variable costs have increased.
• E)Average fixed costs have increased.

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