Question

When MC and AVC are equal, what may be the level of AVC?​

Answer 1

Answer:

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Explanation:

By the same logic, when MC is above AVC, it is pushing the average up so AVC must be rising. When the marginal unit costs more than the average, the average has to increase. By definition, then, the MC curve intersects the AVC curve at the minimum point on the AVC curve. At the intersection, MC and AVC are equal.