A Firm's Average Total Cost Is Minimized When It Produces

question 24

Multiple Choice

A firm's average total cost is minimized when it produces 10 units. When it produces 10 units, the average total cost is $5/unit. What is the marginal cost when the firm produces 10 units?

• A) less than $5/unit
• B) greater than $5/unit
• C) $5/unit
• D) $10/unit

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