When Average Total Cost Is Minimum,it Is

question 20

Multiple Choice

When average total cost is minimum,it is:

• A)equal to average variable cost.
• B)greater than marginal cost.
• C)equal to average fixed cost.
• D)equal to marginal cost.
• E)less than marginal cost.

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Definitions:

Upheld in Court

Upheld in court refers to a court's decision to confirm or support a previous ruling or judgment, maintaining its validity and enforcement.

Proposed Agency Rules

Preliminary regulations put forward by a government agency for review, comment, and eventual implementation to guide operations or ensure compliance.

United States Congress

The bicameral legislative body of the federal government of the United States, consisting of the House of Representatives and the Senate.

Days

Units of time equal to 24 hours, representing one complete rotation of the Earth on its axis.