When Average Cost Is "U-Shaped" (Neither Always Rising nor Always

question 67

Multiple Choice

When average cost is "u-shaped" (neither always rising nor always falling) , the marginal cost curve will

• A)cross through (intersect)the average cost curve at its maximum.
• B)not intersect with the average cost curve at all.
• C)be a fixed distance above the average cost curve.
• D)cross through (intersect)the average cost curve at its minimum.

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