Explain why the marginal cost curve intersects the average total cost curve at the level of output

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Explain why the marginal cost curve intersects the average total cost curve at the level of output where average total cost is at a minimum.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:09 AM

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Explain why the marginal cost curve intersects the average total cost curve at the level of output

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When marginal cost is below average total cost marginal cost pulls av...View the full answer

Economics

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