The Firm's Average Total Costs Will Be a Minimum at the Output

question 34

Multiple Choice

The firm's average total costs will be a minimum at the output level where the

• A) firm just begins to confront diminishing returns to the variable factors.
• B) marginal costs are a minimum.
• C) firm's average fixed costs are at their minimum.
• D) marginal cost curve crosses the firm's average total cost curve.

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Definitions:

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