If Both Average Cost (AC) and Marginal Cost (MC) Are

Multiple Choice

If both average cost (AC) and marginal cost (MC) are U shaped, then

A) AC will reach a minimum at a level of output that is less than that at which MC reaches a minimum.
B) the total cost curve will be a straight line.
C) AC will reach a minimum at a level of output that is greater than that at which MC reaches a minimum.
D) both AC and MC will reach a minimum at the same level of output.