Exam Question
The intersection of the marginal cost curve and the average cost curve characterizes the point of–
- 1. Maximum profit
- 2. Minimum average cost
- 3. Minimum marginal cost
- 4. Minimum opportunity cost
View Answer
Answer 2. Minimum average cost
Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Economics for Manager question set and give online exam quiz test for Economics for Manager, so you can check your knowledge. You can get MCQ Study and Exam link from home page.