Asked by
Alyson Muehlman
on Nov 04, 2024
Verified
Marginal cost is equal to average variable cost when average variable cost is
A) zero.
B) at its minimum.
C) at its maximum.
D) equal to total variable cost.
Average Variable Cost
The variable cost per unit of output, computed by dividing total variable costs by the quantity of output produced.
- Pinpoint where the marginal cost trajectory intersects with the pathways of average total cost and average variable cost, and acknowledge the relevance of these intersection moments.
Verified Answer
JB
Learning Objectives
- Pinpoint where the marginal cost trajectory intersects with the pathways of average total cost and average variable cost, and acknowledge the relevance of these intersection moments.
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