What is the three-part relationship that exists between the marginal cost (MC) and average total cost...

Question

Question

What is the three-part relationship that exists between the marginal cost (MC) and average total cost (ATC)?

Answer 1

Answer #1

Answer - MC Cost АС, Output When the MC is below the AC Cor ATC), the AC curve is declining MC curre intersects AC curve at i

Answer 2

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