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Business, 26.11.2019 03:31 sanic123

You can now apply this analysis to production costs. for a u-shaped average total cost (atc) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be . also, when the marginal cost curve is above the average total cost curve, the average total cost must be . therefore, the marginal cost curve intersects the average total cost curve .

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