Refer to the short-run production and cost data. The curves of Figures A and B suggest that
A)marginal product and marginal cost reach their maximum points at the same output.
B)marginal cost reaches a minimum where marginal product is at its maximum.
C)marginal cost and marginal product reach their minimum points at the same output.
D)AVC cuts MC at the latter's minimum point.

Question

Refer to the short-run production and cost data. The curves of Figures A and B suggest that
A)marginal product and marginal cost reach their maximum points at the same output. 
B)marginal cost reaches a minimum where marginal product is at its maximum. 
C)marginal cost and marginal product reach their minimum points at the same output. 
D)AVC cuts MC at the latter's minimum point.

Quizplus · Accepted Answer

The Answer of  Refer to the short-run production and cost data. The curves of Figures A and B suggest that
A)marginal product and marginal cost reach their maximum points at the same output. 
B)marginal cost reaches a minimum where marginal product is at its maximum. 
C)marginal cost and marginal product reach their minimum points at the same output. 
D)AVC cuts MC at the latter's minimum point.

Refer to the Short-Run Production and Cost Data