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Concept Version 5
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Average and Marginal Cost

Cost curve

Cost curve

This graph is a cost curve that shows the average total cost, marginal cost, and marginal revenue. The curves show how each cost changes with an increase in product price and quantity produced.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Costcurve - Combined."
    http://commons.wikimedia.org/wiki/File:Costcurve_-_Combined.svg Wikimedia CC BY-SA.

Related Terms

  • marginal cost
  • average cost
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