The marginal-cost curve intersects the average-total-cost curve at the minimum point of the marginal-cost curve

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0 If Jorge produces 20 pounds of green beans, he can produce ________ pounds of corn.

A. 160 B. 240 C. 0 D. 80

Economics

Mercantilism followed feudalism. Unlike feudalism, mercantilism did not support any form of a strong central government or system of nation states

Indicate whether the statement is true or false

Economics

Which of the following is TRUE?

a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are given a lot discretion in their decision making c. Profit centers usually require the highest degree of attention of corporate executives d. A manager being rewarded on division revenues has no incentive to make good decisions for his division

Economics

If the interest rate falls, the opportunity cost of holding money __________ and the quantity demanded of money __________

A) rises, rises B) rises, falls C) falls, rises D) falls, falls

Economics