The marginal cost curve passes through the ________ points of the ________ cost curve and the ________ cost curve.
A) minimum; average total; average variable
B) minimum; average total; average fixed
C) maximum; total cost; total variable
D) minimum; average variable; average fixed

Question

Quizplus · Accepted Answer

The marginal cost curve intersects the average total cost curve and the average variable cost curve at their respective minimum points. This is because when marginal cost is below average cost, it pulls the average down, and when it is above, it pushes the average up.

The Marginal Cost Curve Passes Through the ________ Points of the ________

The Marginal Cost Curve Passes Through the Points of the