CFA Practice Question
Which one of the following statements is false?
A. MC cuts AVC at its minimum point.
B. MC cuts ATC at its minimum point.
C. MC cuts AFC at its minimum point.
Explanation: Until that point, MC is below ATC, bringing ATC down.
User Contributed Comments 2
| User | Comment |
|---|---|
| welchdan | should be B. ATC |
| mlaique | Read the question, it says the statement that is false |