Suppose You Know That at the Current Level of Production

question 40

Multiple Choice

Suppose you know that at the current level of production average total cost equals marginal cost, then you know that it is also TRUE that

• A) fixed costs are zero.
• B) average fixed costs are increasing.
• C) average total cost will decrease if production is increased.
• D) average total cost is minimized at the current level of output.

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Definitions:

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