Advertisements
Advertisements
प्रश्न
At which point does the SMC curve intersect SAC curve? Give reason in support of your answer.
उत्तर
SMC curve intersects SAC curve at its minimum point. This is because as long as SAC is falling, SMC remains below SAC and when SAC starts rising, SMC remains above SAC. SMC intersects SAC at its minimum point P, where SMC = SAC.
APPEARS IN
संबंधित प्रश्न
What do the short run marginal cost, average variable cost and short run average cost curves look like?
Identify the formula of estimating average variable cost.
The cost incurred by producing one more unit of output is ______ cost.
The cost per unit of output is denoted by _________ cost.
Identify the formula of estimating average cost.
Find total cost where TFC=I00 and TVC = 125.
Revenue received from the sale of products is known as _______ revenue.
Revenue received from the sale of additional unit is termed as ________ revenue.
Marginal revenue is the addition made to the
State the relationship between AC and MC.
Discuss the short-run cost curves with suitable diagram.
If total cost = 10+Q3, find out AC, AVC, TFC, AFC when Q=5.
