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The Lowest Point on the Average Total Cost Curve Is

Question 91

Multiple Choice

The lowest point on the average total cost curve is where the marginal cost of producing one:


A) more of a good pulls down average total cost due to decreasing marginal costs.
B) less of a good pulls down average total cost.
C) more of a good switches from pulling down average total cost to pulling up average total cost.
D) more of a good drives up average total cost.

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