Refer to the information provided in Figure 8.5 below to answer the questions that follow. Figure 8.5
-Refer to Figure 8.5. The marginal cost is equal to average variable cost when ________ ovens are produced.
A) two
B) three
C) six
D) indeterminate from this information

Question

Refer to the information provided in Figure 8.5 below to answer the questions that follow.  Figure 8.5
-Refer to Figure 8.5. The marginal cost is equal to average variable cost when ________ ovens are produced.
A) two 
B) three 
C) six 
D) indeterminate from this information

Quizplus · Accepted Answer

The marginal cost is equal to average variable cost when six ovens are produced because at that point, the two curves intersect.

Refer to the Information Provided in Figure 8