Which curve(s)does the marginal cost curve intersect at the (their)minimum point?
A) Average total cost curve
B) Average fixed cost curve
C) Average variable cost curve
D) Average total cost curve and average variable cost curve

Question

Quizplus · Accepted Answer

The marginal cost curve intersects both the average total cost curve and the average variable cost curve at their minimum points. This is because when marginal cost is below these averages, it pulls them down, and when it is above, it pushes them up, indicating the point of minimization.

Which Curve(s)does the Marginal Cost Curve Intersect at the (Their)minimum