Question

In: Economics

Where do the marginal cost curve and average total cost curve meet? At the minimum of...

Where do the marginal cost curve and average total cost curve meet?

At the minimum of the MC curve.
At the minimum of the MR curve.
At the minimum of the ATC curve.
At the minimum of the AVC curv

Solutions

Expert Solution

The relationship between Marginal cost and Average total cost curve is that the Marginal cost curve intersects the Average total cost curve from below at its minimum point

Option(C)

Rahul Sunny answered 2 years ago
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