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Ishaan, Piyush and Bhavya are three frie...

Ishaan, Piyush and Bhavya are three friends talking about the relationship between marginal cost (MC) and average cost (AC).
• Ishaan says, "Mc curve intersects AC curve from abvoe".
• Bhavya says, "MC curve does not intersect AC curve at all".
• Piyush says, "MC curve intersects AC curve from below".
Out of the three , Who is correct ?

A

Piyush

B

Ishaan

C

Bhavya

D

All of them

Text Solution

Verified by Experts

The correct Answer is:
A
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