When Average Cost Is "U-Shaped" (Neither Always Rising or Always

question 18

Multiple Choice

When average cost is "u-shaped" (neither always rising or always falling) ,the marginal cost curve will

• A) cross through (bisect) the average cost curve at its maximum.
• B) not intersect with the average cost curve at all.
• C) be a fixed distance above the average cost curve.
• D) cross through (bisect) the average cost curve at its minimum.