If the short-run cost curve of a firm is U-shaped, the marginal and average cost are equal where the - SchoolNGR

Search SchoolNGR

If the short-run cost curve of a firm is U-shaped, the marginal and average cost are ...

If the short-run cost curve of a firm is U-shaped, the marginal and average cost are equal where the

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Average variable cost is minimum
B Marginal cost is falling
C Average cost is minimum
D Average fixed cost is falling

Correct Answer: Option C

Explanation:

Prev Current Next

Study Subjects

Stay Updated

Follow us on: