question archive What is the difference between Accounting and Economic Profit? Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing?  

What is the difference between Accounting and Economic Profit? Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing?  

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What is the difference between Accounting and Economic Profit?

Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing?

 

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