Answer to Question #215215 in Microeconomics for Shuju

Question #215215
a) Why Average Variable Cost (AVC) minimizes before the minimization of Average Total Cost
1
Expert's answer
2021-07-08T15:28:26-0400

Because marginal costs below the AVC pull down the AVC, the average variable cost (AVC) reaches its lowest point before the average total cost (ATC).


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