Economy, asked by sahily9446, 10 months ago

Write down the relationship between AC and MC.

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Answered by Ssahoo

Answer:

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Answered by shanaya99080

Answer:

There exists a close relationship between AC and MC. i. Both AC and MC are derived from total cost (TC). AC refers to TC per unit of output and MC refers to addition to TC when one more unit of output is produced.

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