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These are the questions for microeconomics and I have to explain why this is True or...

These are the questions for microeconomics

and I have to explain why this is True or False.

1. If average product of a single variable input is declining, then short run average total cost must be
rising..

2. The slope of the average total cost curve equals the slope of the average variable cost curve at every
level of output.

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Answer #1

TRUE because when AP is declining ,then Short run average total cost must be rising. As AC is exactly the opposite of AP.

FALSE because the slope of the average total cost curve is greater than the slope of average variable cost curve at the initial level of output And slope of ATC is smaller than the slope of AVC at larger levels of output.

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