The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. Marginal cost is minimized when output equals:
A)6 units.
B)12 units.
C)21 units.
D)25 units.

Question

The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  Marginal cost is minimized when output equals:
A)6 units. 
B)12 units. 
C)21 units. 
D)25 units.

Quizplus · Accepted Answer

The Answer of The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  Marginal cost is minimized when output equals:
A)6 units. 
B)12 units. 
C)21 units. 
D)25 units.

The Following Graph Shows Average Fixed Costs, Average Variable Costs