Average variable cost is minimized at the quantity where:
A) ATC = MC.
B) AVC = MC.
C) AVC = TC.
D) AFC = MC.

Name: Average variable cost is minimized at the quantity where: A) ATC = MC. B) AVC = MC. C) AVC = TC. D) AFC = MC.
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Question

Quizplus · Accepted Answer

Average Variable Cost (AVC) is minimized at the quantity where AVC equals Marginal Cost (MC). This is because the marginal cost curve intersects the average variable cost curve at its lowest point.

Average Variable Cost Is Minimized at the Quantity Where