The vertical distance between the average total cost curve and the average variable cost curve equals quizlet
Marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points. - When marginal cost is LESS than average cost, average cost is DECREASING-When marginal cost exceeds average cost, average cost is increasing.arginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points. - When marginal cost is LESS than average cost, average cost is DECREASING-When marginal cost exceeds average cost, average cost is increasing.