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29 March, 06:37

When average total cost is at its minimum

a. average total cost is equal to average variable cost.

b. average variable cost is declining in output.

c. marginal cost is greater than average total cost.

d. marginal cost is equal to average total cost?

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  1. 29 March, 08:03
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    D.) Marginal cost is equal to average total cost. (Because when the average total cost is at its minimum, marginal cost is also at its minimum.)
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