Use the figure to answer the following question(s).
Figure 8-3
-The average variable cost (AVC) and average total cost (ATC) for a firm are indicated in Figure 8-3. If the marginal cost curve were constructed, at what output would it cross the AVC curve?
A) 2
B) 3
C) 4
D) 5

Question

Use the figure to answer the following question(s).
Figure 8-3 
-The average variable cost (AVC) and average total cost (ATC) for a firm are indicated in Figure 8-3. If the marginal cost curve were constructed, at what output would it cross the AVC curve?
A) 2 
B) 3 
C) 4 
D) 5

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 8-3 
-The average variable cost (AVC) and average total cost (ATC) for a firm are indicated in Figure 8-3. If the marginal cost curve were constructed, at what output would it cross the AVC curve?
A) 2 
B) 3 
C) 4 
D) 5

Use the Figure to Answer the Following Question(s)