At what point of the average variable cost curve and average cost curve does the marginal cost curve cut? - Economics | Shaalaa.com
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a firms marginal cost has a minimum value of 50 its average variable cost has a minimum value of 80 and its average total cost has a minimum value of 90 then the firm will shut down if the p 13136
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SOLVED:Show that when average cost is declining, marginal cost must be less than average cost: when average cost is constant, marginal cost must equal average cost, and when average cost is increasing. marginal cost must be greater than average cost.
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True or false: Average variable cost reaches its minimum point at a lower level of output than average total costs. Explain your answer, using a graph of average and marginal costs to illustrate. | Numerade
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