If both marginal cost and the average variable cost curves are U-shaped, at the point of minimum

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If both marginal cost and the average variable cost curves are U-shaped, at the point of minimum average variable cost the marginal cost must select one:

a. less than the average variable cost

b.greater than the average variable cost

c.at its minimum.

equal to the average variable cost

Related Book For answer-question

Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Posted Date: Aug 29, 2020 08:45 AM

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If both marginal cost and the average variable cost curves are U-shaped, at the point of minimum

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Microeconomics and Behavior

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