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rsteel rsteel
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A year ago

What is the relationship between the average fixed cost (AFC) curve and the marginal cost (MC) curve?



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The MC curve intersects the AFC curve at its minimum point.



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When the MC curve is above the AFC curve, AFC must be increasing.



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Both a and b are true.



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There is no relationship between the AFC curve and the MC curve..

Textbook 
Economics

Economics


Edition: 12th
Author:
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rotatorrorotatorro
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A year ago
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rsteel Author
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A year ago
Good timing, thanks!
jamesbove
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Yesterday
This helped my grade so much Perfect
gma_of_7
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2 hours ago
Just got PERFECT on my quiz
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