Which Statement Is Correct

question 105

Multiple Choice

Which statement is correct?

• A) When the marginal cost curve is above the average cost curve, the average cost curve must be rising.
• B) When the marginal cost curve is below the average cost curve, the average cost curve must be rising.
• C) When MR = MC, the average cost curve is at its minimum point.
• D) When MR = P, the average cost curve is at its minimum point.

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Definitions:

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