Solved: Explain why the short-run marginal cost curve must intersect, Microeconomics

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Explain why the short-run marginal cost curve must intersect

Problem

1. Could the output elasticity of total cost ever be negative?

2. Explain why the short-run marginal cost curve must intersect the average variable cost curve at the minimum point of the average variable cost curve.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain why the short-run marginal cost curve must intersect

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