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Commerce · Q1199

Economics

Graduate and Post Graduate · Commerce · question 1199

Q1199

The marginal cost is equal to the average variable cost when

A.
Equal to; average total cost is minimized
B.
Less than; total cost is minimized
C.
Greater than; average fixed cost is minimized
Answer
D.
Average variable cost is minimized

Answer: Option C

Solution

Answer: Option C
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