Cost (dollars per repaired phone) The figure shows the cost curves for Phil\'s P

Question

Cost (dollars per repaired phone) The figure shows the cost curves for Phil's Phone Repair, a cell phone repair firm The figure shows marginal cost , which explains why MC ATC VC O A. is decreasing up until 5 units, average total cost decreases O B. is less than average total cost up until 12 units, average total cost 20 decreases O c. is greater than average total cost, average variable cost decreases O D. is greater than average total cost when more than 12 phones are repaired 18 average total cost increases both B and D are correct 15 CE, 1012 Output (phones repaired)

Explanation / Answer

Solution: Both B and D are correct

Explanation: It is evident that till 12 units the average cost is declining and afterwards begins to rise. Also the Marginal cost is less than average total cost upto12 units afterwards begins to rise

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