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6 Oct 2020
Explain why the short-run marginal-cost curve must intersect the short-run average total cost curve at the minimum point of the ATC. Does the marginal cost curve intersect the average variable cost curve at its minimum point? What about the average fixed cost curve? Explain why the marginal cost curve also does not intersect the average fixed cost curve at its minimum point?
Explain why the short-run marginal-cost curve must intersect the short-run average total cost curve at the minimum point of the ATC. Does the marginal cost curve intersect the average variable cost curve at its minimum point? What about the average fixed cost curve? Explain why the marginal cost curve also does not intersect the average fixed cost curve at its minimum point?
Raushan RajLv8
10 Dec 2020
