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Draw 3 cost curve graph show these 3 things The average fixed cost curve will never intersect with either the horizontal or vertical axis. There
Draw 3 cost curve graph show these 3 things
- The average fixed cost curve will never intersect with either the horizontal or vertical axis.
- There must be proper positioning of the Average Total Cost curve and Average Variable Cost curve.
- The Average Total Cost curve and Average Variable Cost curve must not touch (in between is average fixed costs - which can never be zero).
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