Why does the MC curve cut the ATC curve at the latters lowest point?

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Why does the MC curve cut the ATC curve at the latter’s lowest point?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:43 AM

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Why does the MC curve cut the ATC curve at the latters lowest point?

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The average cost of a firm includes the fixed cost of production whereas ...View the full answer

Economics

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