Which of the following is true at the quantity of output where average cost has reached its minimum level?
A)AVC = FC.
B)MC = AVC.
C)MC = AC.
D)AC = AFC.
E)Output price = AVC.

Question

Quizplus · Accepted Answer

At the quantity of output where average cost has reached its minimum level, the marginal cost equals the average cost, so MC = AC. None of the other options are true at this point.

Which of the Following Is True at the Quantity of Output