The marginal cost curve intersects ________.

Question

Quizplus · Accepted Answer

The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimums. This is because the marginal cost curve represents the additional cost of producing one more unit of output, and it intersects the average variable cost curve and the average total cost curve at their minimums because at that point, the cost of producing each additional unit is at its lowest. The marginal cost curve does not intersect the total cost curve or the fixed cost curve as these curves do not change with the level of output. The marginal cost curve also does not intersect the average fixed cost curve at its maximum, as the average fixed cost curve continuously decreases as output increases.

The Marginal Cost Curve Intersects ________