Advertisement Remove all ads

At Which Point Does the Smc Curve Intersect Sac Curve? Give Reason in Support of Your Answer. - Economics

Short Note

At which point does the SMC curve intersect SAC curve? Give reason in support of your answer.

Advertisement Remove all ads

Solution

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.

Concept: Cost - Short Run Costs
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

NCERT Class 12 Economics Introductory Microeconomics
Chapter 3 Production And Costs
Exercise | Q 19 | Page 51
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×