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  • Afc Avc Atc

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    Abdul Rahaman shaik
    9 views2 pages
    1. The document discusses average variable cost (AVC), average total cost (ATC), and marginal cost curves. It provides an example AVC, ATC, and marginal cost curves with output on the x-axis and cost per unit on the y-axis. 2. The AVC curve slopes downward at first as output increases, reaches a minimum, and then rises. The ATC curve is U-shaped, first falling then rising as output increases. 3. The marginal cost curve intersects the AVC curve at its minimum, and the ATC curve at the lowest point of the U-shape, showing the profit-maximizing level of output.

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    Average increases

    Original Title

    AFC AVC ATC

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    1. The document discusses average variable cost (AVC), average total cost (ATC), and marginal cost curves. It provides an example AVC, ATC, and marginal cost curves with output on the x-axis and cost per unit on the y-axis. 2. The AVC curve slopes downward at first as output increases, reaches a minimum, and then rises. The ATC curve is U-shaped, first falling then rising as output increases. 3. The marginal cost curve intersects the AVC curve at its minimum, and the ATC curve at the lowest point of the U-shape, showing the profit-maximizing level of output.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views2 pages

    Afc Avc Atc

    Uploaded by

    Abdul Rahaman shaik
    1. The document discusses average variable cost (AVC), average total cost (ATC), and marginal cost curves. It provides an example AVC, ATC, and marginal cost curves with output on the x-axis and cost per unit on the y-axis. 2. The AVC curve slopes downward at first as output increases, reaches a minimum, and then rises. The ATC curve is U-shaped, first falling then rising as output increases. 3. The marginal cost curve intersects the AVC curve at its minimum, and the ATC curve at the lowest point of the U-shape, showing the profit-maximizing level of output.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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