When plotting marginal and average cost curves, the ________ cost curve always crosses the ________ cost curve at its ________.
A)average fixed; marginal; minimum
B)marginal; average total; minimum
C)marginal; average variable; maximum
D)average variable; marginal; maximum

Question

Quizplus · Accepted Answer

The marginal cost curve must intersect both the average variable cost and average total cost at their respective minimum points.

When Plotting Marginal and Average Cost Curves, the ________ Cost