If you are currently producing at a level where average fixed cost and average variable cost are the same, your average total cost has been minimized.

Name: If you are currently producing at a level where average fixed cost and average variable cost are the same, your average total cost has been minimized.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Average total cost is minimized when marginal cost equals average total cost, not when average fixed cost equals average variable cost.

If You Are Currently Producing at a Level Where Average