The Average Total Cost Curve and the Average Variable Cost

question 155

Multiple Choice

The average total cost curve and the average variable cost curve

• A)are closer together as output increases, with average variable cost reaching its minimum level first
• B)are closer together as output increases, with average total cost reaching its minimum level first
• C)are farther apart as output increases, with average variable cost reaching its minimum level first
• D)are farther apart as output increases, with average total cost reaching its minimum level first
• E)are parallel to each other, and reach their minimum levels at the same rate of output

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