The marginal cost curve intersects the minimum of which of the following cost curves?
A)TC.
B)ATC.
C)AFC.
D)MPP.

Question

Quizplus · Accepted Answer

The marginal cost curve intersects the minimum point of the average total cost (ATC) curve. This is because the marginal cost curve represents the additional cost of producing one more unit, and at the minimum point of the ATC curve, the cost per unit is minimized. Therefore, the point of intersection between the two curves represents the efficient level of production.

The Marginal Cost Curve Intersects the Minimum of Which of the Following