Home » Economics » Which of the following is TRUE at the quantity of output where Average Cost (AC)…Which of the following is TRUE at the quantity of output where Average Cost (AC)… Which of the following is TRUE at the quantity of output where Average Cost (AC) per unit has reached its minimum level? A. AVC=FC B. MC=AVC C. MC=AC D. AC=AFC Correct Answer: Option C Explanation Related Posts Which of the following is an important function of prices in a market economy? Which of the following factors is NOT responsible for the rural/urban drift in Nigeria? The best index for international comparison of standards of living is the? Disguised unemployment Export-promotion policy is primary concerned with the? Scarcity implies that
