A firm has the strange ATC curve drawn in the following figure. Sketch in the marginal cost curve this firm must have. (Hint: Use what you know about the marginal-average relationship. Note that this...



A firm has the strange ATC curve drawn in the following figure. Sketch in the marginal cost curve this


firm must have. (Hint: Use what you know about


the marginal-average relationship. Note that this


MC curve does not have a standard shape.)


Dollars


Quantity


ATC



May 26, 2022
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