Answer to Question #275321 in Microeconomics for amaan

Question #275321

at level of output q up to 600 per day, find out the TVC MC and AC in short run

Expert's answer

TVC = TC - FC,

"MC = \\Delta TC\/\\Delta q,"

AC = TC/q.

When MC and AC curves intersect each other, AC is constant and at its minimum point.

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