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A firm is producing 20 units with an average total cost of $25 and marginal cost of $15. If the firm were to increase production to 21 units, which of the following must occur?

- marginal cost would decrease
- marginal cost would increase
- average total cost would decrease
- average total cost would increase

User Cmsjr
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1 Answer

4 votes
marginal cost would decrease
User Bill Garrison
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