Home › MCQs › Agriculture Economics › Question #11868
Back to Questions
Agriculture Economics QUESTION #11868
Question 1
The marginal cost curve intersects the average variable cost and average total cost curves:
  • At their maximum points
  • At their minimum points✔️
  • At the point where output equals zero
  • Only when the firm is at breakeven
Correct Answer Explanation
$MC$ crosses $AVC$ and $ATC$ exactly at their minimum points, a direct consequence of the mathematical relationship between marginal and average values.