The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. Average variable cost is minimized when output equals:
A) 12 units.
B) 6 units.
C) 21 units.
D) 25 units.

Question

The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  Average variable cost is minimized when output equals:
A) 12 units. 
B) 6 units. 
C) 21 units. 
D) 25 units.

Quizplus · Accepted Answer

The Answer of The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  Average variable cost is minimized when output equals:
A) 12 units. 
B) 6 units. 
C) 21 units. 
D) 25 units.

The Following Graph Shows Average Fixed Costs, Average Variable Costs