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:

NSAIDs

Nonsteroidal anti-inflammatory drugs, a class of medications that reduce pain, decrease fever, prevent blood clots, and in higher doses, decrease inflammation.

Collarbone

A long, flat bone located horizontally across the upper part of the chest in humans and some animals, also known as the clavicle, serving as a strut between the shoulder blade and the sternum.

Sternum

A long flat bone located in the center of the chest, connecting the ribs together and providing support.

Scapula

A flat, triangular bone located in the upper back on each side of the body, commonly known as the shoulder blade.