What happens when AVC is equal to MC?

When MC is equal to AVC, it is constant and at its minimum point.

What is the relationship between ATC AVC and MC?

MC must be below the average cost curves when ATC and AVC are falling.

What happens when MC ATC?

ATC is falling when MC is less.

What is the relationship between ATC AVC and MC?

MC must be below the average cost curves when ATC and AVC are falling.

What happens when marginal cost is equal to average total cost?

The break-even point is the point at which marginal cost equals average total cost.

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