Economics · Production and Costs

When marginal cost is rising and equals average cost, the average cost curve is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Falling
2Rising
3At its maximum
4At its minimum✓

Correct answer

At its minimum

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When marginal cost is rising and equals average cost, the average cost curve is:

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When marginal cost is rising and equals average cost, the average cost curve is:

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