Which Statement Is True

question 60

Multiple Choice

Which statement is true?

• A)The marginal cost curve intersects both the average variable cost curve and the average total cost curve at their minimum points.
• B)The marginal cost curve intersects neither the average variable cost curve nor the average total cost curve at their minimum points.
• C)The marginal cost curve intersects the average variable cost curve at its minimum point,but it does not intersect the average total cost curve at its minimum point.
• D)The marginal cost curve intersects the average total cost curve at its minimum point,but it does not intersect the average variable cost curve at its minimum point.

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Definitions:

Special Journals

Accounting journals designed for the repeated recording of specific types of transactions, such as sales or purchases, to streamline the accounting process.

Cash

A form of liquid asset that represents the currency that a business or individual can immediately access and use for transactions.

Receivables

Funds that are owed to a company by its customers or clients for goods or services already delivered.

Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.