Observation Properties of Average and Marginal Cost Curves
{"Image DocumentName": "Observation Properties of Average and Marginal Cost Curves", "Image ImageDescription": "They are U-Shape curves \u2013 Initially falls and eventually rises. Marginal Cost is lower than the Average Cost curve. It decreases faster and rises faster, intercepting the AC curve at the lowest point. MC always touches the AC curve at its minimum value. The Marginal Cost Curve also falls faster, rise faster and touches the AVC at its minimum. Being the gradient, MC gives the shape of the TC \uf0e0 initially rises at a diminishing rate up to the point where MC is minimal. After that point it starts to rise at an increasing rate.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}