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Relationship between MC and Ac

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Relationship between MC and Ac

Posted by Krishna Chhabra 7 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Anand Raj 7 years, 3 months ago

1.when MC less than AC ,AC fall. 2.when MC is equal to AC, AC is constant & at its minimum point. 3.MC is more than AC, AC raises. 4.Both AC & MC rise but MC increases at a faster rate as compared to AC. As result, MC curve is steeper as compared to AC curve. 5.Both Ac and MC curve are U-shaped due to the law of variable proportion.

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