At its minimum point, the average-total-cost curve is intersected by the:
a. average fixed cost curve.
b. average variable cost curve.
c. total fixed cost curve.
d. total variable cost curve.
e. marginal cost curve.
e
Economics
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Indicate whether the statement is true or false
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Assume that a consumer purchases a combination of products A and B. The MUa is 5 and the Pa is $5. The MUb is 6 and the Pb is $6. What should this consumer do to maximize utility?
Please provide the best answer for the statement.
Economics