Business, 23.08.2021 15:50, lilmsnyah

The company Chronoball's current production has an average fixed cost of $100 and an average total cost of $240. Which of the following must be true? a. The marginal product is increasing.
b. Chronoball’s average variable cost must be $140.
c. The marginal cost must be less than $240.
d. If production is increased, the average total cost will increase.
e. Chronoball’s production is being analyzed in the long run.

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The company Chronoball's current production has an average fixed cost of $100 and an average total c...