The marginal cost curve passes through the
A)average variable cost curve and average fixed cost curve at their lowest points.
B)average total cost curve and average variable cost curve at their lowest points.
C)average fixed cost curve at its lowest point.
D)average fixed cost curve and average total cost curve at their lowest points.

Question

Quizplus · Accepted Answer

The marginal cost curve intersects the average total cost curve and the average variable cost curve at their lowest points because these are the points where the cost of producing one more unit is equal to the average cost of producing all units.

The Marginal Cost Curve Passes Through the