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:

Avoided

Refers to deliberately staying away from certain situations, actions, or thoughts due to fear, dislike, or perceived danger.

Ambivalence

Ambivalence is the state of having mixed feelings or contradictory ideas about something or someone.

Compliance

The act of conforming to a rule, command, or request, either willingly or through pressure or obligation.

Stuck

A state of being unable to move forward or make progress in a particular situation or task.