Question: When a firm is producing the output at which average product is at a maximum, what type of cost is at a minimum? The output

When a firm is producing the output at which average product is at a maximum, what type of cost is at a minimum?

The output at which average product is at a maximum is the same output at which _______ is at a minimum.

A.

average variable cost

B.

marginal cost

C.

average total cost

D

average fixed cost

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