Average Variable Cost Curve and the Average Total Cost Curve The average variable cost curve and the average total cost curve get closer to each other as output increases

Economics Aug 17, 2020

Average Variable Cost Curve and the Average Total Cost Curve

The average variable cost curve and the average total cost curve get closer to each other as output increases. What explains this?

When would total cost equal fixed costs?

If marginal physical product is continually declining, what does marginal cost look like and please explain this answer because I am having major trouble understanding.

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