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Economics curves

Summary Of: Cost curve

The average total cost curve is constructed to capture the relation between cost per unit and the level of... This shape of the marginal cost curve is directly attributable to increasing... The marginal cost curve will cut the average cost curve at its lowest point... or above the price at which the average cost curve cuts the marginal cost curve...

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economics | costs of production | free market | productively efficient | profits | | | output | ceteris paribus | factors of production | average cost | short run | specialisation | | | variable | infinite | economies of scale | diseconomies of scale | perfect competition | constant returns to scale | economies of scale | natural monopoly | water supply | electricity supply | | | marginal cost | Diminishing returns | | | perfect competition | perfectly competitive | Cost | Category | Economics curves |
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Cost curve".