Question 21
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 21 of 21 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 1 mark.