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Why does MC curve cut the AC curve at it...

Why does MC curve cut the AC curve at its minimum?

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Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?

RADHA BHUGANA-CONCEPTS OF COST-SHORT ANSWERS
  1. Given the total fixed cost is Rs. 90, complete the following table.

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  2. Given the total fixed cost is Rs. 30, complete the following table.

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  3. Why is short run marginal cost curve 'U'-shaped?

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  4. What changes will take place in average cost if marginal cost is risin...

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  5. Explain the relationship between marginal cost and average variable co...

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  6. Complete the following table:

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  7. Complete the following table:

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  8. Distinguish between (i) fixed cost and variable cost giving example...

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  9. Complete the following table

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  10. Complete the following table

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  11. State the distinction between explicit cost and implicit cost. Give an...

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  12. Define marginal cost. Explain its relations with average variable cost...

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  13. Define variable cost. Explain the behaviour of total variable cost as ...

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  14. Giving examples, explain the meaning of cost of cost in economics.

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  15. Why does MC curve cut the AC curve at its minimum?

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  16. State the relation between total cost and marginal cost.

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  17. What is the behaviour of average fixed cost as output is increased. Wh...

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  18. What is the behaviour of (a) Average fixed cost and (b) Average variab...

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  19. Giving reason, explain whether true or false : the difference between ...

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  20. Define fixed cost. Give an example. Explain with reason the behaviour ...

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