The marginal cost intersects the average variable cost
A) and the average total cost through their upward-sloping sections.
B) in its upward-sloping section and the average total cost through its downward-sloping section.
C) through its minimum point and the average total cost through its maximum point.
D) and the average total cost through their minimum points.

Question

Quizplus · Accepted Answer

The marginal cost intersects the average variable cost and the average total cost through their minimum points. This is because at the minimum point, the average variable cost and average total cost curves are at their lowest and therefore the marginal cost curve intersects them at that point.

The Marginal Cost Intersects the Average Variable Cost