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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