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Answer to Question #235690 in Microeconomics for Kesh

Question #235690
The vertical distance between the average total cost curve and the average variable cost curve
1
Expert's answer
2021-09-13T11:22:38-0400

The vertical distance between the total cost and the total variable cost curves is equal to total fixed cost.

This is because ATC = AFC + AVC. Therefore, AFC = ATC – AVC.


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