A Firm Is Producing the Profit-Maximizing Amount of Output When

Multiple Choice

A firm is producing the profit-maximizing amount of output when it is producing where its ________ curve intersects its ________ curve.

A) marginal cost;average total cost
B) marginal cost;average variable cost
C) marginal cost;marginal revenue
D) average total cost;average variable cost
E) total cost;total revenue