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 Economics: 1 why does the marginal cost curve intersect the average
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