13 When average total cost is at is minimum A erage variable cost a decreasing baverage total cost is equal to average variable cost. e marginal cost is equal to average fied cost d. marginal cost i equal to average total cost

13 When average total cost is at is minimum A erage variable cost a decreasing baverage total cost is equal to average variable cost. e marginal cost is equal to average fied cost d. marginal cost i equal to average total cost

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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Question

13. When average total cost is at its minimum
A verage variable cost is decreasing
b average total cost is equal to average variable cost.
e marginal cost is equal to average fixed cost.
d marginal cost is equal to average total cost.

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