Marginal cost is ________ average variable cost when ________.
A) equal to; average total cost is minimized
B) less than; total cost is maximized
C) greater than; average fixed cost is minimized
D) equal to; average variable cost is minimized.

Question

Quizplus · Accepted Answer

Marginal cost is equal to average variable cost when average variable cost is minimized. This is because the marginal cost curve intersects the average variable cost curve at its lowest point.

Marginal Cost Is ________ Average Variable Cost When ________

Marginal Cost Is Average Variable Cost When