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

-(Exhibit: Short-Run Costs) Curve A crosses the average total cost curve at:
A) the minimum value of Curve B.
B) approximately 4.3 units of output.
C) approximately 2.8 units of output.
D) none of the above points.

Question

Use the following to answer question(s): Short-Run Costs
 
-(Exhibit: Short-Run Costs) Curve A crosses the average total cost curve at:
A) the minimum value of Curve B. 
B) approximately 4.3 units of output. 
C) approximately 2.8 units of output. 
D) none of the above points.

Quizplus · Accepted Answer

Curve A, which is the marginal cost curve, crosses the average total cost curve at its minimum point, which is the minimum value of Curve B (the average total cost curve).

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