The marginal cost curve intersects the short-run average total cost curve where: A. average variable costs are maximized in the short run. B. average variable costs are minimized in the short run. C. average total costs are minimized in the short run. D. marginal cost is minimized in the short run.

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 5CQQ
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The marginal cost curve intersects the short-run average total cost curve where:

A. average variable costs are maximized in the short run.

B. average variable costs are minimized in the short run.

C. average total costs are minimized in the short run.

D. marginal cost is minimized in the short run.

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