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linda_us, Master's Degree
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The minimum point of the average variable cost curve is reached

Resolved Question:

The minimum point of the average variable cost curve is reached at the output level where:
A. marginal product is maximized.

B. neither marginal nor average products are maximized.

C. average product is maximized.

D. average and marginal products are maximized.
Submitted: 4 years ago.
Category: Single Problem
Expert:  linda_us replied 4 years ago.
Thanks for requesting me.

The answer is C. average product is maximized.


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