1 why does the marginal cost curve intersect the average


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?

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Business Management: 1 why does the marginal cost curve intersect the average
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