hailu122127 hailu122127

14-05-2021
Business

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910. Show the relationship between short-run MC and MP1, and AYC and AP, mathematically
and graphically (1pts)

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sigdeldadhiraj sigdeldadhiraj

14-05-2021

Explanation:

MC is at its minimum at the same output for which MP is at its maximum; AVC is at its minimum at the same output for which AP is at its maximum. A technological advance that increases productivity shifts the product curves upward and cost curves downward.

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