Question

In the short​ run, if the marginal product is at its​ maximum, then the A. average variable cost is at its minimum. B. average cost is at its minimum. C. total cost is at its maximum. D. marginal cost is at its minimum.

Answer 1

Answer:

D. The marginal cost is at its minimum

Explanation:

Marginal Cost is the additional cost of producing an additional unit of output. Thus if the marginal product is at its maximum, the marginal cost will be at its minimum