Question
The average-total-cost curve intersects Answer
a. marginal cost at the minimum of marginal cost. b. average variable cost at the minimum of average total cost. c. marginal cost at the minimum of average total cost. d. average fixed cost at the minimum of average total cost. The average-total-cost curve intersects marginal cost at the minimum of marginal cost. average variable cost at the minimum of average total cost. marginal cost at the minimum of average total cost. average fixed cost at the minimum of average total cost. a. marginal cost at the minimum of marginal cost. b. average variable cost at the minimum of average total cost. c. marginal cost at the minimum of average total cost. d. average fixed cost at the minimum of average total cost.
Explanation / Answer
marginal cost at the minimum of average total cost c. marginal cost at the minimum of average total cost