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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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910. Show the relationship between short-run MC and MP1, and AYC and AP, mathematically

and graphically (1pts)​

User Charphacy
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1 Answer

1 vote

Step-by-step 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.

User EverythingRightPlace
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