Question

At which point does the SMC curve intersect SAC curve? Give reason in support of your answer.

Answer 1

Explanation:

SMC curve always intersect the AVC curve at its minimum point. This is because to the left of the minimum point of AVC, SMC is below AVC. ... Therefore, the only point where SMC and AVC are equal is where SMC intersects AVC, i.e., at the minimum point of the AVC curve.

Answer 2

Explanation:

the SMC curve cut the AVC curve at the minimum point of the AVC curve.