At 130,000 Units of Output, a Firm's Marginal Cost and Average

question 159

Multiple Choice

At 130,000 units of output, a firm's marginal cost and average total cost are both $0.75.We can conclude that at this quantity of output the firm's average total cost curve is:

• A) upward-sloping.
• B) downward-sloping.
• C) vertical.
• D) horizontal.

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