Which Statement Is Correct

question 183

Multiple Choice

Which statement is correct?

• A)Marginal cost is the change in average cost when there is a change in output of 1 unit.
• B)The marginal cost curve cuts the average variable cost curve at its lowest point.
• C)The marginal cost curve cuts the average variable cost curve at an output greater than where the marginal cost curve cuts the average cost curve.
• D)If average variable cost is increasing, then average total cost must be increasing too.

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Definitions:

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