Which of the Following Correctly Describes the Relationship Between the Marginal

question 77

Multiple Choice

Which of the following correctly describes the relationship between the marginal cost and average variable cost curves?

• A)MC is everywhere above AVC
• B)AVC is everywhere above MC
• C)MC crosses AVC at AVC's minimum point
• D)MC crosses AVC at MC's minimum point
• E)both AVC and MC first rise and then fall

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