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Answer to Question #145006 in Microeconomics for C

Question #145006
The vertical distance between the average total cost curve and the average variable cost curve
1
Expert's answer
2020-11-19T09:34:39-0500

The vertical distance between the total cost curve and the average variable cost curve is equal to total fixed cost. This is because

ATC =AFC+AVC therefore

AFC =ATC -AVC.


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