Use the table below to answer the following question.
Average total cost is at a minimum when output is

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Question

Use the table below to answer the following question.
 Average total cost is at a minimum when output is

Quizplus · Accepted Answer

The average total cost is at a minimum when it intersects with the marginal cost curve. In the given table, the marginal cost curve intersects the average total cost curve at 4 units of output, making it the point of minimum average total cost.

Use the Table Below to Answer the Following Question