-In the Above Figure, the Intersection of Curves a and B

question 25

Multiple Choice

-In the above figure, the intersection of curves A and B is the point at which

• A) average total cost is minimised.
• B) total product is maximised.
• C) average variable cost is minimised.
• D) average fixed cost is minimised.

---

Definitions:

Occupied

Engaged in activity or filled with occupants or participants; also can refer to areas under military control.

Repudiate

To refuse to accept or be associated with; in legal terms, it often refers to rejecting the validity of a contract or agreement.

Non-Necessary

Non-necessary refers to something that is not essential or required for a particular purpose or function.

Legality

Pertains to the conformity of an action, agreement, or object with the laws and regulations of a jurisdiction.