Which of the following is true of the MC curve?
A)It intersects the ATC curve at its minimum, but it does not intersect the AVC curve at its minimum.
B)It intersects the AVC curve at its minimum, but it does not intersect the ATC curve at its minimum.
C)It intersects both the ATC and the AVC curves at their minimums.
D)It intersects both the ATC and the AFC curves at their minimums.
E)It intersects both the AVC and the AFC curves at their minimums.

Question

Quizplus · Accepted Answer

The MC curve intersects both the ATC and AVC curves at their minimum points because these are the points where the cost of producing an additional unit equals the average cost.

Which of the Following Is True of the MC Curve