At the point of minimum AVC:

Name: At the point of minimum AVC:
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

At the point of minimum AVC, AVC is equal to MC. This is because AVC represents the average cost per unit of output, which includes both fixed and variable costs. When AVC is at its minimum, it is an indication that variable costs are being minimized, which also means that the marginal cost of producing an additional unit of output (MC) is equal to the average variable cost (AVC). Therefore, the answer is D.

At the Point of Minimum AVC