Short run cost curves (2)
The next activity will check that you can interpret the shape of the average cost, average variable and average fixed cost curves described in the video, Fixed and variable cost.
Activity 23a
Click on the short run cost curve figure below to identify the approximate point where average costs are at a minimum.
Active content not displayed. This content requires JavaScript to be enabled.
Figure 37 Average cost curves (2)
Interactive feature not available in single page view (see it in standard view).