At why point does the SMC curve cut the SAC curve ? Give reason in sup – InterviewSolution

InterviewSolution

1.	At why point does the SMC curve cut the SAC curve ? Give reason in support of your answer.
Answer» SMC curve cuts the SAC curve at its minimum point. It happens because when SAC falls, SMC is less than SAC. When SAC starts rising, SMC is more than SAC. So, it is only when SAC is constant and at its minimum point, that SMC is euqal to SAC.

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