Economics A-Level
Cost curve geometry
What Cost curve geometry means in Economics A-Level, as defined for AQA.
Definition of Cost curve geometry
Check what you remember
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Reference: AQA
Marginal cost intersects average total cost and average variable cost at their lowest points, and average fixed cost continuously declines as output increases.
Topics that use Cost curve geometry
- Costs of production (AQA A-Level)
Related terms
- Diminishing marginal returns
- Economies of scale
- Factor prices
- Factors of production
- Fixed and variable costs
- Fixed costs
- Long-run costs
- Marginal cost
Using Cost curve geometry in the exam
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