Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
The average variable cost (AVC) curve will go down (but will not be as steep as the marginal cost), and then go up. This will not go up as fast as the marginal cost curve. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.The average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns.The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.he average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns. The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.