The marginal cost curve intersects the average variable cost curve at the ________ value of the average variable cost curve.
A. average
B. zero
C. maximum
D. minimum
Answer: D
You might also like to view...
If a nation's population grows, then
A) growth in real GDP per person will be less than the growth of real GDP. B) there can be no economic growth. C) growth in real GDP per person will be greater than the growth of real GDP. D) there must be an increase in real GDP per person.
What did the former British Prime Minister Winston Churchill mean when he said,"Democracy is the worst form of government, except for all those other forms that have been tried from time to time"?
What will be an ideal response?
Average total cost is very high when a small amount of output is produced because
a. average variable cost is high. b. average fixed cost is high. c. marginal cost is high. d. marginal product is high.
Patents encourage firms to engage in innovation.
Answer the following statement true (T) or false (F)