If Average Cost Is Constant for All Levels of Output

question 46

Multiple Choice

If average cost is constant for all levels of output:

• A)the marginal cost curve will intersect the average cost at a single point, the minimum of average cost.
• B)marginal cost will be equal to average cost for all levels of output.
• C)marginal cost will be above average cost when average cost is increasing and marginal cost will be below average cost when average cost is decreasing.
• D)marginal cost will have a region of diminishing marginal cost.

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