(Figure: Average Total Cost and Quantity of Output III) Which of the following statements is (are) TRUE? I. At Q = 3, the marginal cost is $2.33.
II. At Q = 8, the marginal cost is $1.80.
III. The slope of the total cost (TC) curve at Q = 3 is $2.33.
A) II
B) I and III
C) II and III
D) I

Question

(Figure: Average Total Cost and Quantity of Output III) Which of the following statements is (are) TRUE?  I. At Q = 3, the marginal cost is $2.33.
II. At Q = 8, the marginal cost is $1.80.
III. The slope of the total cost (TC) curve at Q = 3 is $2.33.
A) II 
B) I and III 
C) II and III 
D) I

Quizplus · Accepted Answer

The Answer of (Figure: Average Total Cost and Quantity of Output III) Which of the following statements is (are) TRUE?  I. At Q = 3, the marginal cost is $2.33.
II. At Q = 8, the marginal cost is $1.80.
III. The slope of the total cost (TC) curve at Q = 3 is $2.33.
A) II 
B) I and III 
C) II and III 
D) I