[Answered] The marginal cost curve intersects the average total cost and average variable cost curves at their ...

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Author Question: The marginal cost curve intersects the average total cost and average variable cost curves at their ... (Read 1188 times)

yoooooman

Hero Member
Posts: 557

on: Jun 30, 2018

The marginal cost curve intersects the average total cost and average variable cost curves at their minimum points.
Indicate whether the statement is true or false

Question 2

A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm.
a. True
b. False
Indicate whether the statement is true or false

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yasmin

Sr. Member
Posts: 319

Reply #1 on: Jun 30, 2018

Answer to Question 1

T

Answer to Question 2

False

yoooooman

Hero Member
Posts: 557

Reply #2 on: Jun 30, 2018

Thank you

yasmin

Sr. Member
Posts: 319

Reply #3 on: Jun 30, 2018

No problemo

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