![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
![What is the relationship between marginal and average cost and what is short run and long run? Provide examples of short run and long run. | Homework.Study.com What is the relationship between marginal and average cost and what is short run and long run? Provide examples of short run and long run. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/whatsapp_image_2022-06-22_at_12.33.05_pm534201144609631229.jpeg)
What is the relationship between marginal and average cost and what is short run and long run? Provide examples of short run and long run. | Homework.Study.com
![Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com](https://homework.study.com/cimages/multimages/16/screen_shot_2019-03-10_at_8.04.03_pm8907907340326640871.png)
Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com
![Show and discuss the short run relationship between total cost, average cost, and marginal cost using a two panel diagram. | Homework.Study.com Show and discuss the short run relationship between total cost, average cost, and marginal cost using a two panel diagram. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/image_1703344095260235977.png)
Show and discuss the short run relationship between total cost, average cost, and marginal cost using a two panel diagram. | Homework.Study.com
![Identify the general shape of short-run average cost and short-run marginal cost curves. | Homework.Study.com Identify the general shape of short-run average cost and short-run marginal cost curves. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/image7232819214989863588.jpg)
Identify the general shape of short-run average cost and short-run marginal cost curves. | Homework.Study.com
![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? -
![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)