The Minimum Points of the Average Variable Cost and Average

question 67

Multiple Choice

The minimum points of the average variable cost and average total cost curves occur where

• A) the marginal cost curve lies below the average variable cost and average total cost curves.
• B) the marginal cost curve intersects those curves.
• C) the average variable cost and average total cost curves intersect.
• D) the slope of total cost is the smallest.

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