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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Definitions:

Fire-resistant

Materials or substances that are able to withstand fire or to resist burning.

Seeds

Embryonic plants enclosed in protective outer coverings, capable of developing into a new plant under the right conditions of water, oxygen, and suitable temperature.

Permafrost

Permanently frozen layer of soil and rock occurring beneath the Earth's surface.

Biome

A large naturally occurring community of flora and fauna occupying a major habitat, e.g., forest or tundra.