If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:

Name: If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:
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Question

Quizplus · Accepted Answer

At the minimum point on the average variable cost curve, the marginal cost curve intersects it. Therefore, the marginal cost at that point must equal the average variable cost.

If Both the Marginal Cost and the Average Variable Cost