Demonstrate Graphically and Explain Verbally Why the MC Curve Always

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The Answer is The diagram: The diagram: The explanation: When MC is below AVC, AVC is falling. When MC is above AVC, AVC is rising. The MC curve must pass through the minimum point of the AVC curve at output level Q*, since when MC cuts AVC from below, AVC will begin to rise (and hence the turning point is at output level Q* where MC = AVC).

The diagram: The explanation: When MC is below AVC, AVC is falling. When MC is above AVC, AVC is rising. The MC curve must pass through the minimum point of the AVC curve at output level Q*, since when MC cuts AVC from below, AVC will begin to rise (and hence the turning point is at output level Q* where MC = AVC).

The explanation:
When MC is below AVC, AVC is falling. When MC is above AVC, AVC is rising. The MC curve must pass through the minimum point of the AVC curve at output level Q*, since when MC cuts AVC from below, AVC will begin to rise (and hence the turning point is at output level Q* where MC = AVC).

Demonstrate Graphically and Explain Verbally Why the MC Curve Always

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Demonstrate Graphically and Explain Verbally Why the MC Curve Always

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