If marginal cost equals average total cost:
A) average total cost is minimized.
B) marginal cost is minimized.
C) average variable cost is minimized.
D) average variable cost is falling.

Name: If marginal cost equals average total cost: A) average total cost is minimized. B) marginal cost is minimized. C) average variable cost is minimized. D) average variable cost is falling.
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Question

Quizplus · Accepted Answer

When marginal cost equals average total cost, the average total cost is at its minimum point.

If Marginal Cost Equals Average Total Cost