Question

Which of the following statements is false​? A. Firms often refer to the process of lowering average fixed cost as​ "spreading the​ overhead." B. When marginal cost equals average total​ cost, average total cost is at its highest value. C. The difference between average total cost and average fixed cost is average variable cost. D. The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points.

Answer 1

The answer is B

B. When marginal cost equals average total​ cost, average total cost is at its highest value.