The Marginal Cost Curve Crosses the Average Total Cost Curve

question 365

Multiple Choice

The marginal cost curve crosses the average total cost curve at

• A)the efficient scale.
• B)the minimum point on the average total cost curve.
• C)a point where the marginal cost curve is rising.
• D)All of the above are correct.

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Definitions:

Emancipation

The process of being freed from legal, social, or political restrictions; historically often refers to the freeing of slaves.

Lincoln

Abraham Lincoln, the 16th President of the United States, who led the country during the Civil War and played a key role in the abolition of slavery.

Hard War Policy

A strategy of war that involves aggressive military action and significant destruction to undermine the enemy's capability and will to fight.

Union

An organization of workers formed to protect and advance their rights and interests; also, a term used to refer to the United States, especially during the Civil War.