If marginal costs equal average total costs ?
Correct answer: D. average total cost is minimized
- A. average total cost is falling
- B. average total cost is raising
- C. average total cost is maximized
- D. average total cost is minimized
Explanation
Marginal cost intersects average total cost at its minimum: below that point, marginal cost pulls average cost down, and above it, marginal cost pushes average cost up.
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