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Which of the following are true about marginal cost? Marginal cost is determined by the marginal product. All three answers are true Marginal cost = average variable cost at the minimum of AVC Marginal
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25 votes
25 votes
Which of the following are true about marginal cost? Marginal cost is determined by the marginal product. All three answers are true Marginal cost = average variable cost at the minimum of AVC Marginal cost = average total cost at the minimum of ATC

User Eray
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15 votes
15 votes

Answer:

Marginal cost is determined by the marginal product.

Marginal cost = average variable cost at the minimum of AVC

User DSoa
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