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Intersect? ?the? ?average? ?variable? ?and? ?average

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Reference no: EM131691933

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

2. If? ?a? ?firm? ?wished? ?to? ?minimize? ?its? ?cost? ?of? ?production? ?then? ?what? ?output? ?level? ?should? ?it ?produce?

3. How? ?can? ?the? ?extent? ?to? ?which? ?economies? ?or? ?diseconomies? ?of? ?scale? ?are? ?experienced? ?help? ?us? ?to predict? ?the? ?size? ?and? ?number? ?of? ?real-world? ?firms? ?in? ?an? ?industry?

Reference no: EM131691933

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