Question: Marginal cost (MC) is equal to average variable cost (AVC) and average total cost (ATC) when (A) marginal cost (MC) intersects AVC and ATC at

Marginal cost (MC) is equal to average variable cost (AVC) and average total cost (ATC) when

(A) marginal cost (MC) intersects AVC and ATC at their maximum points.

(B) AVC and ATC intersect MC at its maximum point.

(C) MC intersects AVC and ATC at their minimum points.

(D) AVC and ATC intersect MC at its minimum point.

(E) the economy is in the recovery phase of the business cycle.

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