Production and cost — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Do ATC and AVC curves intersect? Give reason.
✓
Answer
No, AVC curve never intersects ATC as AFC is the gap between ATC and AVC which is reduced with the level of output but can never be equal because AFC is included in ATC.
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