The average fixed cost curve will never intersect with either the horizontal or vertical axis. There must be proper positioning of the Average Total Cost curve and Average Variable Cost curve. The Average Total Co

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1. The average fixed cost curve will never intersect with either the horizontal or vertical axis.
2. There must be proper positioning of the Average Total Cost curve and Average Variable Cost curve.
3. The Average Total Cost curve and Average Variable Cost curve must not touch (in between is average fixed costs which can never be zero).
4. The Marginal Cost Curve is shaped like a Nike
   swoosh.
5. The Marginal Cost Curve crosses the Average Total Cost curve and Average Variable Cost curves at the lowest point.
   Attach and Submit in a Word, PDF, or pic format. You can use the data in Chapter 9 (Table 9.2), to create your own graph using Excel. Or you can make up your own data table and graph them.