The marginal cost curve intersects the ________ at its minimum.
A) average variable cost curve
B) average total cost curve
C) average fixed cost curve
D) A and B are both correct.

Question

Quizplus · Accepted Answer

The marginal cost curve intersects both the average variable cost curve and the average total 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 pulls them up, indicating the minimum point of intersection.

The Marginal Cost Curve Intersects the ________ at Its Minimum