Question

Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?

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