Marginal Cost Equals Average Total Cost

question 16

Multiple Choice

Marginal cost equals average total cost

• A) when average total cost is at its minimum point.
• B) when marginal cost is at its minimum point.
• C) when average variable cost is at its minimum point.
• D) when there are no fixed costs.

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Definitions:

Asexual Reproduction

Reproduction in which there is no fusion of gametes and in which the genetic makeup of parent and of offspring is usually identical. Compare with sexual reproduction.

Genetic Variation

Inherited differences among individuals.

Identical Halves

Describes an organism or structure that can be divided into two equal parts that are mirror images of each other, typical of radial symmetry.

Metabolism

The sum of all the chemical processes that occur within a cell or organism; the transformations by which energy and matter are made available for use by the organism. See anabolism and catabolism.