A rising marginal cost curve intersects the
A) average fixed cost curve at its minimum point.
B) total cost curve at its minimum point.
C) production function at its maximum point.
D) average variable and average total cost curves at their minimum points.
E) explicit and implicit cost curves at their maximum points.

Question

Quizplus · Accepted Answer

A rising marginal cost curve intersects the average variable and average total cost curves at their minimum points. This is because when marginal cost is below these averages, it pulls them down, and when it is above, it pulls them up, indicating the minimum point of the averages when it crosses them.

A Rising Marginal Cost Curve Intersects the