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Why does the marginal cost curve cut the average total cost curve at its minimum?

Ur probably in Farzads class... hah xD


Is a Monopolistically competitive firm productively efficient?

No because it does not produce at minimum average total cost


What factors contribute to a company achieving the minimum average total cost in the long run?

In the long run, a company can achieve the minimum average total cost by optimizing production processes, reducing input costs, increasing efficiency, and achieving economies of scale.


What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?

a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B


When the average total cost is at its minimum is it greater than MC equal to MC or smaller than MC?

Equal to MC.


When an average cost is at its minimum then?

Per hour, the average wage is a minimum of £5 +, what do you mean by average cost??


What is the minimum down payment required for a car purchase with a 50 down payment?

The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.


When average cost is at its minimum then marginal cost will be?

mesh


What does it mean if a firm has excess capacity?

a firm has excess capacity if it produces below its efficient scale, whcih is the quantity at which total cost is a minimum.


What is formula of minimum carrying cost?

formula for carrying cost?


What Is The Minimum cost of 2BHK flat interior?

minimum - 10000 Maximum- 10,0000


Does marginal cost always intersect average cost at minimum average cost?

NTERSECTS