Which of the Following Is True at the Output Level

question 148

Multiple Choice

Which of the following is true at the output level where average total cost is at its minimum?

• A)Marginal cost equals average total cost.
• B)Average variable cost equals fixed cost.
• C)Marginal cost equals average variable cost.
• D)Average total cost equals average fixed cost.

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Definitions:

Mucosa

A moist tissue layer that lines some organs and body cavities of the body, including the nose, mouth, lungs, and digestive tract.

Maxillary

Pertaining to the maxilla, the upper jawbone that forms part of the facial structure.

Lacrimal

Relating to the tears or the glands that produce tears, involved in lubricating and protecting the eye.

Mandible

The lower jawbone, which is the largest and strongest bone of the face and holds the lower teeth.