Microeconomics 9th Edition by Stephen Slavin

تمرين 63

Statement 1: AVC can never be higher than ATC. Statement 2: AVC and marginal cost are equal at an output of one ________.
A) Statement 1 is true, and statement 2 is false.
B) Statement 2 is true, and statement 1 is false.
C) Both statements are true.
D) Both statements are false.