If marginal cost is equal to average total cost, then
A) marginal cost is minimized.
B) average total cost is minimized.
C) average variable cost is minimized.
D) marginal cost is zero.
Correct Answer:
Verified
Q222: Average total cost is very high when
Q229: Marginal cost is equal to average total
Q233: When marginal cost is less than average
Q340: Scenario 13-20
Suppose that a given firm experiences
Q343: When marginal cost is greater than average
Q344: Which of the following statements about costs
Q346: Which of the following statements is correct?
A)If
Q347: Figure 1
b.
Figure 2
c.
Figure 3
d.
Figure 4
ANSWER:
d
DIFFICULTY:
Moderate
LEARNING OBJECTIVES:
ECON.MANK.174 -
Q348: When marginal cost exceeds average total cost,
A)average
Q350: If marginal cost is below average total
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