Economics · Theory of Production and Cost
What is the relationship between marginal cost (MC) and average total cost (ATC) when the average total cost is at its minimum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MC is greater than ATC and pulls it upwards.
- 2MC and ATC are unrelated at the ATC's minimum point.
- 3MC is less than ATC and pushes it downwards.
- 4MC is equal to ATC.✓
Correct answer
MC is equal to ATC.
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