when marginal cost is rising, what will be AFC,MP,AVC,ATC,MP?

Answer 1

When marginal cost is rising:
- Average Fixed Cost (AFC) will be decreasing because the fixed costs are spread over a larger quantity of output.
- Marginal Product (MP) will depend on the specific production function and cannot be determined solely based on the information provided.
- Average Variable Cost (AVC) will be increasing because the variable costs are increasing with each additional unit of output.
- Average Total Cost (ATC) will depend on the relationship between AFC and AVC. If AFC is decreasing at a faster rate than AVC is increasing, then ATC will be decreasing. However, if AFC is decreasing at a slower rate than AVC is increasing, then ATC will be increasing.
- Marginal Product (MP) will depend on the specific production function and cannot be determined solely based on the information provided.