Relationships between Marginal Cost and Average Cost (CFA Video)

Relationships between Marginal Cost and Average Cost (CFA Video)

When Marginal Product (MP) intersects Average Product (AP) from above, AP is maximum.
When Marginal Cost (MC) intersects Average Variable Cost (AVC) from below, AVC is minimum.
When Marginal Cost (MC) intersects Average Total Cost (ATC) from below, ATC is minimum.
MC intersects ATC and AVC at different Q!

December 14th, 2009 in 2012 CFA Level 1, CFA - LEVEL 1, CFA Videos, Economics Posted by Editor

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CFA Level 1 June-2010 - Page 37 - PaGaLGuY.com - The Everything of MBA in India and Abroad, CAT 2009, GMAT, XAT, MATDecember 16th, 2009 at 8:12 am

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