The marginal cost curve always intersects the average total cost curve at the point at which the average total cost curve
A) is zero.
B) is at its minimum.
C) is at its maximum.
D) has a vertical slope.
Answer: B
Economics
You might also like to view...
Funding for canals came from which of the following sources?
(a) Private investments and tolls (b) Taxes (c) Borrowing on government credit (d) All of the above
Economics
Derek has $1 to spend at the grocery store. An apple, an orange, and a banana cost $0.50 each. If Derek's MUA/PA (ratio of marginal utility to price) of an apple is 45, MUO/PO of an orange is 38, and MUB/PB of a banana is 52, he will purchase a(n) _____ first and a(n) _____ second
a. apple; orange b. orange; apple c. banana; orange d. banana; apple e. orange; banana
Economics