The Marginal Cost Curve and Average Variable Cost Curve Intersect

question 114

True/False

The marginal cost curve and average variable cost curve intersect where the average variable cost curve is at its minimum point.

---

Definitions:

Biomedical Research

The study of the biological and health sciences to understand diseases, develop treatments, and improve medical diagnosis and therapy.

National Institutes of Health

An important part of the U.S. Department of Health and Human Services and the largest source of biomedical and public health research funding in the world.

Tissue and Organ Bank

Facilities or repositories that collect, store, and distribute human tissues and organs for transplantation and research.

Uniform Anatomical Gift Act

A legal framework set in the United States to regulate the donation of organs and tissues for transplantation.