![microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? - microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? -](https://i.stack.imgur.com/4lQBF.png)
microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? -
![Explain the relation between average variable cost and marginal cost for both the short-run and long-run. Describe how the graphs of the cost functions look as part of your response. | Homework.Study.com Explain the relation between average variable cost and marginal cost for both the short-run and long-run. Describe how the graphs of the cost functions look as part of your response. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/20-017261842620681656516.jpg)
Explain the relation between average variable cost and marginal cost for both the short-run and long-run. Describe how the graphs of the cost functions look as part of your response. | Homework.Study.com
![Draw average total cost, average variable cost, and marginal cost curves in a single diagram. Also explain the relationship between ATC and AVC. ORExplain the relation between i ATC and AVC and Draw average total cost, average variable cost, and marginal cost curves in a single diagram. Also explain the relationship between ATC and AVC. ORExplain the relation between i ATC and AVC and](https://byjus-answer-creation.s3.amazonaws.com/uploads/60e7df4424737982aa9fb83f_img_upload_solution_1652878301.png)
Draw average total cost, average variable cost, and marginal cost curves in a single diagram. Also explain the relationship between ATC and AVC. ORExplain the relation between i ATC and AVC and
![That segment of a competitive firm's marginal-cost curve that lies above its average-variable-cost curve constitutes the short-run supply curve for the firm." Explain using a graph and words. | Homework.Study.com That segment of a competitive firm's marginal-cost curve that lies above its average-variable-cost curve constitutes the short-run supply curve for the firm." Explain using a graph and words. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/ques118506017952548420914.png)
That segment of a competitive firm's marginal-cost curve that lies above its average-variable-cost curve constitutes the short-run supply curve for the firm." Explain using a graph and words. | Homework.Study.com
![Projected range of short-run marginal cost of FF-based vis-à-vis LCOE... | Download Scientific Diagram Projected range of short-run marginal cost of FF-based vis-à-vis LCOE... | Download Scientific Diagram](https://www.researchgate.net/publication/335767309/figure/fig2/AS:941129809813525@1601394240282/Projected-range-of-short-run-marginal-cost-of-FF-based-vis-a-vis-LCOE-of-RE-based.png)