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25-03-2022
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In the short run, if average product is at its maximum, then average variable cost is at its minimum. Group of answer choices True False

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ewomazinoade ewomazinoade

30-03-2022

In the short run, if average product is at its maximum, then average variable cost is at its minimum. This is correct.

What is average product and average variable cost?

Average variable cost is the cost of input that varies with the output produed per unit produced. It is total variable cost divided by the number of output. Average product is the is total product divided by output.

To learn more about cost, please check: https://brainly.com/question/26502221

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