what is the relationship between ATC AVC MC MP and market price at the same graph?
Homework Answers
from the graph it can be seen
that if ATC decreases AVC decreases and vice versa and when
marginal cost or MC meets MR, it is the equilibrium quantity and MR
is directly proportional to MP and when it is extended to AR or
demand curve market price is obtained and this is the relationship
between them .
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what is the relationship between ATC AVC MC MP and market price at
the same graph?
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