Which of the Following Is Correct as It Relates to Cost

question 88

Multiple Choice

Which of the following is correct as it relates to cost curves?

• A)Average variable cost intersects marginal cost at the latter's minimum point.
• B)Marginal cost intersects average total cost at the latter's minimum point.
• C)Average fixed cost intersects marginal cost at the latter's minimum point.
• D)Marginal cost intersects average fixed cost at the latter's minimum point.

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Definitions:

Anthropomorphic Method

A technique in which human traits, emotions, or intentions are attributed to non-human entities, including animals and deities.

McDougall

William McDougall, a British psychologist who contributed to the development of social psychology and proposed the theory of instinctive behavior.

Continuity

Refers to the psychological perspective that development occurs through a gradual, cumulative process rather than in sudden jumps.

Sign Stimuli

External sensory cues that trigger a fixed action pattern or innate behavioral response in an animal.