Study the graph given below and answer the questions.
Which of the following statement (s) is/are correct?
Statement 1: To the left of q1 , AVC is falling and SMC is more than AVC.
Statement 2: To the right of q1 , AVC is rising and SMC is greater than AVC.
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Only Statement 2 is correct.
Statement 1: To the left of q1 , AVC is falling and SMC is more than AVC. This is false. To the left of q1 , AVC is falling and SMC is less than AVC.
Statement 2: To the right of q1 , AVC is rising and SMC is greater than AVC. This is true.