When Average Variable Cost Is at a Minimum

question 445

Multiple Choice

When average variable cost is at a minimum,

• A)marginal cost is at a maximum.
• B)the average product of labor is at a minimum.
• C)the marginal product of labor is at a minimum.
• D)the average product of labor is at a maximum.

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Definitions:

Required Rate

This term might be understood in different contexts; however, in finance, it often refers to the minimum return that investors expect to earn on an investment.

Transistor

A semiconductor device used to amplify or switch electronic signals, forming the foundation of modern electronic devices.

Output Terminal

The point in an electrical device or circuit where output is taken out or transferred to another circuit or component.

Emitter

A device or component that releases or sends out something such as energy, signals, or substances.