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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
Question
Can AC and AVC ever be equal for any level of output?
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Answer

No. This is because AC is the vertical summation of AVC and AFC. Being a vertical summation, AC must be vertically above AFC as well as AVC.

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