Economy, asked by snehasnek5, 7 months ago


Average cost cuts curve average variable costs curve at its minimum level
true or false?
give valid reason?​

Answers

Answered by SayedaFariaAinee
4

Answer:

The given statement is false. Average Cost curve is the vertical summation of Average Variable Cost and Average Fixed Cost(AC = AFC + AVC). Since, Average Fixed Cost cannot be zero (AFC ≠ 0) the two curves would never touch each other.

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