Economy, asked by navibudhraja, 11 months ago

when does MC cut AC from the lowest point

Answers

Answered by bijaymourya8114

2

Answer:

Average product (AC) is the total cost per unit of output. When the MC is smaller the AC, the AC decreases. This is because when the extra unit of output is cheaper than the average cost then the AC is pulled down. ... The point of intersection between the MC and AC curves is also the minimum of the AC curve.

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