For a firm to break even in the long run; the marginal cost curve must cut the?

By: |Published on: Oct 27|Categories: Economics JAMB| 0 comments

A. average variable cost curve at its highest point
B. average cost curve at its lowest point
C. average cost curve at its lowest point
D. total cost curve at its lowest point

Correct Answer:

Option C – average cost curve at its lowest point

Users Also Read These:

SEE ALSO  A scientific approach in economic analysis entails?

Copyright warnings! Do not copy.