Which curve intersects the AVC curve at its minimum point?
A) the MC curve
B) the ATC curve
C) the AFC curve
D) the MP curve

Question

Quizplus · Accepted Answer

The Marginal Cost (MC) curve intersects the Average Variable Cost (AVC) curve at its minimum point because when MC is less than AVC, AVC is decreasing, and when MC is greater than AVC, AVC is increasing. Thus, the intersection point is where AVC is at its minimum.

Which Curve Intersects the AVC Curve at Its Minimum Point