Which of the following statements is FALSE? Question 6 options: Marginal cost eq

Question

Which of the following statements is FALSE?

Question 6 options:

Marginal cost equals average total cost when the average total cost is at its minimum

Marginal cost equals average variable cost when the average variable cost is at its minimum

Marginal cost equals average fixed cost when the average fixed cost is at its minimum

Marginal cost equals average total cost when the average total cost is at its minimum

Marginal cost equals average variable cost when the average variable cost is at its minimum

Marginal cost equals average fixed cost when the average fixed cost is at its minimum

Explanation / Answer

Option 1 and 2 are false

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