UGC NET
Sonam Asked a Question
September 20, 2021 4:52 pmpts 30 pts
  • UGC NET
  • Commerce

Please explain , mc is greater than ac if and only if chng in ac / chng in q is greater than 0

please explain , MC is greater than AC if and only if chng in AC / chng in Q is greater than 0
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  • Rucha rajesh shingvekar thankyou
    When the MC is smaller the AC, the AC decreases. This is because when the extra unit of output is cheaper than the average cost then the AC is pulled down. Similarly, when the MC i...
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