If the firms average cost curves are U-shaped, why does its average variable cost curve achieve its

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If the firm’s average cost curves are U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total cost curve?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:21 AM

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If the firms average cost curves are U-shaped, why does its average variable cost curve achieve its

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Average total cost is equal to average fixed cost plus average variabl...View the full answer

Microeconomics

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