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The marginal cost curve intersects the average fixed cost curve at its minimum (True or false?) ...

pirex

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Posts: 634

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7 years ago

The marginal cost curve intersects the average fixed cost curve at its minimum (True or false?) ...

The marginal cost curve intersects the average fixed cost curve at its minimum.
True or False? Provide an explanation.

Textbook

Microeconomics

Microeconomics

Edition: 6^th

Author: Perloff

Read 95 times

1 Reply

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Tyforumca

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#1

7 years ago

False. Marginal cost intersects average variable cost (and average cost) at its minimum.

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