Why does the marginal cost curve intersect the average variable and average total cost curves at their

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Why does the marginal cost curve intersect the average variable and average total cost curves at their respective minimum points?

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Survey of Economics

ISBN: 978-1111989668

8th edition

Authors: Irvin B. Tucker

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Question Posted: Apr 12, 2016 07:07 AM

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Why does the marginal cost curve intersect the average variable and average total cost curves at their

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Whenever the marginal lies below the average it pulls the av...View the full answer

Survey of Economics

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