Which of the following is true at the output level where average total cost is at its minimum?
A) Marginal cost equals average variable cost. B) Average variable cost equals fixed cost.
C) Average total cost equals average fixed cost. D) Marginal cost equals average total cost.
D
Economics
You might also like to view...
Which of the following are characteristic of a developing country?
A) extensive embrace of free trade policies B) low inflation C) high national savings D) a current account deficit and low national savings E) strong credit institutions
Economics
The National Recovery Administration (NRA) of 1933–35 attempted to restore market competition within U.S. domestic and international markets
Indicate whether the statement is true or false
Economics