The figure given below shows cost curves of a firm. Figure: 7.2
-In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.When Average Variable Cost (AVC) is at a minimum,which of the following is true?
A)AVC equals AB
B)Marginal cost (M
C) equals 0G
C)Average total cost exceeds AVC by SR
D)MC equals HN
E)MC equals GJ

Question

The figure given below shows cost curves of a firm. Figure: 7.2  
-In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.When Average Variable Cost (AVC) is at a minimum,which of the following is true?
A)AVC equals AB 
B)Marginal cost (M
C) equals 0G 
C)Average total cost exceeds AVC by SR 
D)MC equals HN 
E)MC equals GJ

Quizplus · Accepted Answer

The Answer of The figure given below shows cost curves of a firm. Figure: 7.2  
-In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.When Average Variable Cost (AVC) is at a minimum,which of the following is true?
A)AVC equals AB 
B)Marginal cost (M
C) equals 0G 
C)Average total cost exceeds AVC by SR 
D)MC equals HN 
E)MC equals GJ

The Figure Given Below Shows Cost Curves of a Firm