Where does the marginal cost curve intersect the average cost curve?

Booster class

Microeconomics

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Elucidate definitions calculation and graphs of Costs and profit in short run

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Paramjeet ChawlaLv8

29 Oct 2020

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Explain why the short-run marginal cost curve must intersect the short-run average total cost curve at its minimum? 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 does not also intersect the average fixed cost curve at its minimum point?

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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?