Average variable cost is at a minimum when ______. A. marginal ...

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Average variable cost is at a minimum when ______.
 
  A. marginal cost equals average variable cost
  B. average total cost is at a minimum
  C. marginal cost exceeds average fixed cost
  D. average total cost exceeds average variable cost

Question 2

If the rate of growth in real GDP exceeds the rate of growth in the money supply, the quantity theory of money predicts a price deflation.
 
  Indicate whether the statement is true or false

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Answer to Question 1

A Figure 10.6 in the textbook shows that A is the correct answer.

Answer to Question 2

TRUE

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