### Exam Question

#### The average total cost will be minimum at a point where–

- 1. Marginal cost and average fixed cost curves intersect
- 2. Marginal cost and average variable cost curves intersect
- 3. Marginal cost and average cost curves intersect
- 4. Marginal cost is minimum

### View Answer

Answer 3. Marginal cost and average cost curves intersect

## Practice set and Exam Quiz

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