Use the following to answer question(s): Short-Run Costs

-(Exhibit: Short-Run Costs) Curve A is the _______ cost curve.
A) average total
B) average variable
C) marginal
D) total

Question

Use the following to answer question(s): Short-Run Costs
 
-(Exhibit: Short-Run Costs) Curve A is the _______ cost curve.
A) average total 
B) average variable 
C) marginal 
D) total

Quizplus · Accepted Answer

Curve A represents the marginal cost curve because it intersects the average total cost and average variable cost curves at their lowest points, which is characteristic of the marginal cost curve's behavior.

Use the Following to Answer Question(s): Short-Run Costs