Author Question: The marginal cost curve intersects: A) the total cost curve at its minimum. B) the average fixed ... (Read 146 times)

mikaylakyoung · **on:** Jun 29, 2018

The marginal cost curve intersects:

A) the total cost curve at its minimum.
B) the average fixed cost curve at its maximum.
C) the average fixed cost curve at its minimum.
D) both the average variable cost curve and the average total cost curve at their minimum.

Question 2

John has to choose between two jobs: one that offers him 50 per hour and one that offers him 35 per hour. The opportunity cost of choosing the job that offers him 50 per hour is:

A) 1.5 per hour.
B) 15 per hour.
C) 35 per hour.
D) 85 per hour.