Which of the following most accurately des

问题单项选择题

Which of the following most accurately describes the relationship between marginal cost (MC), average variable cost (AVC), marginal product (MP), and average product (AP)（）

A. When MP＜AP, MC＜AVC.

B. When MP＞AP, MC＞AVC.

C. When MP=AP, MC=AVC.

答案

参考答案：C

解析：

At some output level Q and corresponding labor input L, MC = AVC and MP = AP. At Q and L, AVC is at its minimum and AP is at its maximum. (Hint: draw the curves).