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Homework answers / question archive / Which of the following correctly describes the relationship between the marginal cost and average variable cost curves: a

Which of the following correctly describes the relationship between the marginal cost and average variable cost curves: a

Economics

Which of the following correctly describes the relationship between the marginal cost and average variable cost curves:

a. Marginal Cost is always above Average Variable Cost,

b. Average Variable Cost is always above Marginal Cost,

c. Marginal Cost crosses Average Variable Cost at Average Variable Cost's minimum point,

d. Marginal Cost crosses Average Variable Cost at Marginal Cost's minimum point,

e. Both Average Variable Cost and Marginal Cost first rise and then fall.

Option 1

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