If the Marginal Product Curve Is Intersecting the Average Product

question 48

Multiple Choice

If the marginal product curve is intersecting the average product curve, we know that

• A) the average variable cost curve is intersecting the average total cost curve.
• B) the marginal cost curve is intersecting the average fixed cost curve.
• C) the average total cost curve lies above the marginal cost curve.
• D) the marginal cost curve is intersecting the average total cost curve.

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