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com/ibiscms/mod/ibis/view.php?id-4666600 Twitter YouTube f Facebook t Tumbir Life Elite Daily S Sole Collector Sn ew York (CUNY), Lehman College-ECO 167-Microeconomics- Winter18-DELACRUZ > Activities and Due Dates 1/10/2018 11:59 PM 4 61.9/100 1/8/2018 01:37 AM 3 Gradebo Print Calculator estion 10 of 15 Sapling Learning Map ae Graph A Graph D Each graph below illustrates three short run cost curves for firms, where ATC is Average Total Cost (aka Average MC is Marginal Cost, and A is Average Variable Cost. MC MC Cost ATC ATC Please sort the graphs as valid or invalid based on what you know about the relationships between these curves Output Graph EOutput MC Valid MC AVC ATC Coct ATC AVC Graph A Graph 8 Graph E Graph D Graph C Graph F Graph C Graph F ATC

Explanation / Answer

Graph D and F is valid .

Graph A, B , C and E are invalid.

Because ATC is above the AVC curve and AVC curve is more flatter . MC cuts AVC and ATC each at their respective minimums. And MC reaches its minimum earlier than ATC and AVC. And this behaviour of ATC,AVC and MC is only explained by graph D and F.

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