If Marginal Cost Is Equal to Average Total Cost, Then

question 556

Multiple Choice

If marginal cost is equal to average total cost, then

• A)marginal cost is minimized.
• B)average total cost is minimized.
• C)average variable cost is minimized.
• D)marginal cost is zero.

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Definitions:

Total Assets

The sum of all resources owned by a company, valued at cost or market value, which include both current and non-current assets.

Electric Bill

A monthly statement charging for the consumption of electrical power provided by a utility company.

Total Expenses

The sum of all costs incurred by a business or individual in a specific period.

Total Revenue

The gross income generated from the core business activities of a company, including the sale of products and services.