Explain why the short-run marginal cost curve must intersect the average variable cost curve at the minimum

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Explain why the short-run marginal cost curve must intersect the average variable cost curve at the minimum point of the average variable cost curve.

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:55 AM

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Explain why the short-run marginal cost curve must intersect the average variable cost curve at the minimum

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Because fixed cost does not change marginal costs reflect the change in variable costs ...View the full answer

Microeconomics

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