When the average total cost is at its minimum,it is
A)greater than MC.
B)equal to MC.
C)smaller than MC.

Name: When the average total cost is at its minimum,it is A)greater than MC. B)equal to MC. C)smaller than MC.
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Question

Quizplus · Accepted Answer

When the average total cost curves becomes the steepest, it reaches its minimum point. At this point, the marginal cost equals the average total cost. Therefore, the answer is B- Equal to MC.

When the Average Total Cost Is at Its Minimum,it Is