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rsteel rsteel
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2 months ago

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



▸

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



▸

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



▸

Both a and b are true.



▸

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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2 months ago
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There is no relationship between the AFC curve and the MC curve..
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rsteel Author
wrote...

2 months ago
This helped my grade so much Perfect
lolaww
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Yesterday
Smart ... Thanks!
Smair87
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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