Youtor
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=0qv09RSkv08
Average Cost is a summation of Average Fixed Cost and Average Variable Cost #shorts • AC being the sum of AFC and AVC, AC curve lies above both the AFC and AVC curves. Again, MC passes through the minimum point of the AC (point P). Notice, AVC and AC get closer as output rises since AFC continuously declines as output rises. Like the AVC and AC, the MC curve is also U-shaped.
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