Which of the following statements is false?
A)Marginal cost will equal average total cost when marginal cost is at its lowest point.
B)When marginal cost is less than average total cost, average total cost will fall.
C)When marginal cost is greater than average total cost, average total cost will rise.
D)Marginal cost will equal average total cost when average total cost is at its lowest point.

Question

Quizplus · Accepted Answer

Marginal cost equals average total cost when average total cost is at its lowest point, not when marginal cost is at its lowest point.

Which of the Following Statements Is False