Which of the following statements is correct?
The firm's average variable cost of production is at a minimum when the firm's

Question

Which of the following statements is correct? 
 The firm's average variable cost of production is at a minimum when the firm's

Accepted Answer

average product of labour is at a maximum.

Answer

average product of labour is at a minimum.

Answer

marginal product of labour is at a minimum.

Answer

marginal cost of production is at a minimum.

Answer

marginal product of labour is at a maximum.

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