Question

Minimum point of mc comes after minimum point of what?

Answer 1

Minimum Point of MC comes after Minimum point of AC.

Answer 2

Answer:

Marginal cost (MC) is the extra cost experienced when one extra unit of output is procured. Average product (AC) is the total cost per unit of output. When the MC is lesser the AC, the AC declines.

This is because when the additional unit of output is inexpensive than the average cost then the AC is pulled down. Similarly, when the MC is greater than the AC, the AC is going up. 

Explanation: