Marginal cost curve cuts the average cost
Curve :
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Explanation:
The marginal cost curve cuts the average total cost curve from below and at its lowest point. This situation occurs because when the marginal cost curve is below the average total cost curve, it drops the average total cost.
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Answer:
This situation occurs because when the marginal cost curve is below the average total cost curve, it drops the average total cost.
Explanation:
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