The minimum points of the average variable cost and average total cost curves occur where

5. The minimum points of the average variable cost and average total cost curves occur where the a. marginal cost curve lies

Answer

5.MC interesects AVC and AC at their minimum. Answer-D 6.Bills of tuition are included in consumption spending part of GDP as turion is a service. Answer-A 7.GDP is the aggregate of consumption, investment spending, government purchases and net exports.It is the final value of all goods and services produced in a given year. Answer-D 8.A common resource is overused if not regulated like hunting of an animal .

Answer-B

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