Economics > 2005 > 22

JAMB UTME

For a firm to break even in the long run, the marginal cost curve must cut the

A.
average variable cost curve at its highest point
B.
average cost curve at any two lowest points
C.
total cost curve at its lowest point
D.
average cost curve at its lowest point

Answer: D

To see detailed solution to this question and thousands of other questions offline, download TestDriller UTME. Practice rigorously for UTME, enjoy educational games, summary of JAMB literature books, compete with your peers, win prizes and more.

Similar Questions

Practice with the best CBT software

Learn with innovative tools and excel in your forth-coming exam