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

Economics

JAMB 2006

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

A. average variable cost is minimum
B. marginal cost is falling
C. average cost is minimum
D. average fixed cost is falling

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Correct Answer: Option C

Explanation

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

Correct Answer: Option C

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