CUET Preparation Today
| Which of the following statement/statements are true? Statement 1: Vertical difference between AVC and SAC curve is AFC. Statement 2: The TVC at a particular level of output is given by the area under the SMC curve up to that level |
Both the statements are false. Statement 1 is true and Statement 2 is false Both the statements are true Statement 2 is true and Statement 1 is false |
| Both the statements are true |
| AFC is the difference between SAC and AVC. TVC at a level of output is sum total of all SMCs up to that level of output. |
