-Refer to the graph shown above. Based on the information illustrated in the graph, which of the following is correct?
A) marginal cost line must intersect the average cost line at the middle point of the average cost curve
B) marginal cost of production is below the average cost for producing previous units
C) producing one more unit is reducing average costs overall
D) producing a marginal unit is increasing average costs overall

Question

-Refer to the graph shown above. Based on the information illustrated in the graph, which of the following is correct?
A) marginal cost line must intersect the average cost line at the middle point of the average cost curve 
B) marginal cost of production is below the average cost for producing previous units 
C) producing one more unit is reducing average costs overall 
D) producing a marginal unit is increasing average costs overall

Quizplus · Accepted Answer

The Answer of 
-Refer to the graph shown above. Based on the information illustrated in the graph, which of the following is correct?
A) marginal cost line must intersect the average cost line at the middle point of the average cost curve 
B) marginal cost of production is below the average cost for producing previous units 
C) producing one more unit is reducing average costs overall 
D) producing a marginal unit is increasing average costs overall

-Refer to the Graph Shown Above