Multiple Choice
When average cost is "u-shaped" (neither always rising or always falling) ,the marginal cost curve will
A) cross through (bisect) the average cost curve at its maximum.
B) not intersect with the average cost curve at all.
C) be a fixed distance above the average cost curve.
D) cross through (bisect) the average cost curve at its minimum.
Correct Answer:
Verified
Correct Answer:
Verified
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