Which cost curve intersects the average total cost curve at its lowest point?
A) average fixed cost
B) average variable cost
C) marginal cost
D) total cost

Question

Quizplus · Accepted Answer

Marginal cost intersects the average total cost curve at its lowest point because at this point, the addition of one more unit of production will start to increase the average total cost, indicating the most efficient scale of production.

Which Cost Curve Intersects the Average Total Cost Curve at Its