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Sav [38]
3 years ago
13

The average total cost curve and the marginal cost curve are related in that:

Business
1 answer:
Serga [27]3 years ago
3 0

Answer:

C. the MC curve passes through the minimum point of the ATC curve.

Explanation:

Marginal cost is the cost of producing additional unit, it is upward sloping as generally the cost that is additional as it tends to increase with increase in output.

Whereas Average Total Cost is a U shaped curve, it basically starts from a high point and then tends to decrease as the increase in number of units with constant fixed cost tends to decrease the average, but ultimately after it reaches its lowest point it tends to increase because now to produce units, there is extra cost required.

The Marginal Cost Curve touches the Average Total Cost curve at its lowest.

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The answer is letter D.

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3 years ago
Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in it
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Answer:

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Explanation:

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7 0
3 years ago
Brandy’s Balloon Service currently sells 1,000 balloon bundles per month. The competition in the balloon industry continues to s
andreyandreev [35.5K]

Answer:

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8 0
3 years ago
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Ann [662]

Answer:

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5 0
3 years ago
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