Economics · Cost Curves
Assertion (A): The Marginal Cost (MC) curve reaches its minimum point before the Average Variable Cost (AVC) and Average Cost (AC) curves. Reason (R): The MC curve intersects both the AVC curve and AC curve at their respective minimum points.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are true and R is the correct explanation of A
- 2Both A and R are true, but R is NOT the correct explanation of A✓
- 3A is true but R is false
- 4A is false but R is true
Correct answer
Both A and R are true, but R is NOT the correct explanation of A
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