Which of the Following Is True in the Short Run

question 130

Multiple Choice

Which of the following is true in the short run at the output level where average total cost is at its minimum?

• A)Marginal cost equals average total cost.
• B)Average variable cost equals fixed cost.
• C)Marginal cost equals average variable cost.
• D)Average total cost equals average fixed cost.
• E)Average total cost equals average variable cost.

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Definitions:

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