(Answered) 1 why does the marginal cost curve intersect the average

Economics

1. Why? ?does? ?the? ?marginal? ?cost? ?curve? ?intersect? ?the? ?average? ?variable? ?and? ?average? ?total? ?cost curves? ?at? ?their? ?respective? ?minimum? ?points?

2. If? ?a? ?firm? ?wished? ?to? ?minimize? ?its? ?cost? ?of? ?production? ?then? ?what? ?output? ?level? ?should? ?it ?produce?

3. How? ?can? ?the? ?extent? ?to? ?which? ?economies? ?or? ?diseconomies? ?of? ?scale? ?are? ?experienced? ?help? ?us? ?to predict? ?the? ?size? ?and? ?number? ?of? ?real-world? ?firms? ?in? ?an? ?industry?

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