The marginal cost curve intersects the average total cost and average variable cost curves at their minimum points.

Question

Quizplus · Accepted Answer

This is a fundamental concept in microeconomics. At the minimum point of the average total cost and average variable cost curves, the slope of the curve is equal to the slope of the marginal cost curve. This means that the marginal cost curve intersects these curves at their minimum points.

The Marginal Cost Curve Intersects the Average Total Cost and Average