If marginal cost (MC) is $10 and average variable cost (AVC) is $10, then AVC
A) is at a minimum.
B) is at a maximum.
C) is increasing.
D) is decreasing.

Name: If marginal cost (MC) is $10 and average variable cost (AVC) is $10, then AVC A) is at a minimum. B) is at a maximum. C) is increasing. D) is decreasing.
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Question

Quizplus · Accepted Answer

When MC equals AVC, AVC is at its minimum point. This is because the marginal cost curve intersects the average variable cost curve at its lowest point.

If Marginal Cost (MC) Is $10 and Average Variable Cost