When Average Variable Cost Is at Its Minimum

question 52

Multiple Choice

When average variable cost is at its minimum:

• A) average total cost is increasing with increases in output.
• B) average variable cost plus average fixed cost is increasing with increases in output.
• C) average total cost is equal to average variable cost.
• D) marginal cost is less than average total cost.
• E) marginal cost is greater than average total cost.

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Definitions:

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