Which of the following is true at the output level where average total cost is at its minimum?OA. Marginal cost equals average variable cost.B. Average total cost equals average fixed cost.O C. Marginal cost equals average total cost.D. Average variable cost equals fixed cost.

Which of the following is true at the output level where average total cost is at its minimum? OA Marginal cost equals average variable cost. OB Average total cost equals average fxed cost OC. Marginal cost equals average total cost OD. Average variable cost egquals fxed cost.

Which of the following is true at the output level where average total cost is at its minimum? OA Marginal cost equals average variable cost. OB Average total cost equals average fxed cost OC. Marginal cost equals average total cost OD. Average variable cost egquals fxed 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 5CQQ

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Question

Which of the following is true at the output level where average total cost is at its minimum?
OA. Marginal cost equals average variable cost.
B. Average total cost equals average fixed cost.
O C. Marginal cost equals average total cost.
D. Average variable cost equals fixed cost.

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