Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
Which of the following is true?
In short run
a) Minimum point of AVC comes before Minimum point of ATC.
b) MC cuts AFC and AVC at their minimum points.
Options:
Both a and b are true
a is true, b is not
b is true, a is not
Both a and b are false
Correct Answer:
a is true, b is not
Explanation:
Short run MC cuts ATC and AVC at their minimum points.