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Unformatted text preview: the point of Minimum, the Marginal Cost Curve MC intersects ATC. This is essential since MC is in addition to Variable Cost. So long as MC rises but remains below ATC the ATC falls. When MC crosses ATC and is above ATC it causes a rise in the value of ATC as well as an upward shift in the curve....
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This note was uploaded on 11/26/2011 for the course EC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10