If the Marginal Cost of the 10th Unit of Output

question 80

Multiple Choice

If the marginal cost of the 10th unit of output is $15 and the average total cost of the 10th unit of output is $15,

• A) average total cost is minimized at 10 units of output.
• B) average total cost is decreasing at 10 units of output.
• C) average total cost is increasing at 10 units of output.
• D) average total cost is maximized at 10 units of output.