Average and marginal cost on total cost curve

Average cost is minimised when AC = MC i.e. when the ray and tangent are parallel.

 

needmathshelp_1

 
Resource Type
Activity
Tags
economics 
Target Group (Age)
19+
Language
English (United Kingdom)
 
 
GeoGebra version
4.0
Views
3410
Contact author of resource
 
 
© 2024 International GeoGebra Institute