If AC and MC are represented on a graph, the MC curve wil...
If AC and MC are represented on a graph, the MC curve will cut the AC curve______
At the maximum point on the AC curve
At the highest point on the AC curve
At the minimum point on the AC curve
At the peak
Correct answer is C
MC cuts the AC curve at the minimum or lowest point at B, also MC is equal to AC at that point.
In a given set of data, if the variance is 25, what is the standard deviation? ...
External economies occur when ...
Equilibrium price is the price at which quantity ...
A well conducted census is important for ...
The introduction of money into the economy has helped to resolve the following problems EXCEPT ...
An accurate census figure is an important tool for planners in ...
What is the market equilibrium price? ...