Which of the following statements is FALSE? Question 6 options: Marginal cost eq
ID: 1090882 • Letter: W
Question
Which of the following statements is FALSE?
Question 6 options:
Marginal cost equals average total cost when the average total cost is at its minimum
Marginal cost equals average variable cost when the average variable cost is at its minimum
Marginal cost equals average fixed cost when the average fixed cost is at its minimum
Marginal cost equals average total cost when the average total cost is at its minimum
Marginal cost equals average variable cost when the average variable cost is at its minimum
Marginal cost equals average fixed cost when the average fixed cost is at its minimum
Explanation / Answer
Option 1 and 2 are false