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.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 21PAE
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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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