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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Do ATC and AVC curves intersect? Give reason.
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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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