Multiple Choice
The MC curve cuts the AC curve at
A) the maximum point
B) the initial point
C) the minimum point
D) any point
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: The cost that cannot be recovered once
Q13: Economic cost include both<br>A)explicit cost and implicit
Q14: The cost expressed not in terms of
Q15: Implicit cost of a factor of production
Q16: The shape of TVC and TC are<br>A)rectangular
Q18: Under increasing returns to scale, which of
Q19: The minimum point of ATC is at
Q20: AFC curve will always be<br>A)rectangular hyperbola<br>B)u shaped<br>C)horizontal<br>D)downward
Q21: Envelope curve is<br>A)long run marginal cost curve<br>B)long
Q22: MC at any level of output is