Question 5
If marginal costs equal average total costs
average total costs are falling
average total costs are maximized
average total costs are rising
average total costs are minimized
If marginal costs equal average total costs
average total costs are falling
average total costs are maximized
average total costs are rising
average total costs are minimized
Correct answer
average total costs are minimized
Question 5 of 24 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Managerial Economics 15 Mar 26). It carries 1 mark.