Minimum point of MC curve comes before the minimum point of ........

Economics- Phase (I & II) Others

Minimum point of MC curve comes before the minimum point of:

AC Curve

AVC Curve

Both (a) and (b)

Neither (a) nor (b)

- The Marginal Cost (MC) curve typically intersects the Average Cost (AC) and Average Variable Cost (AVC) curves at their lowest points.

- The minimum point of the MC curve comes before the minimum point of the AC curve. This is because when MC is below AC, the AC is decreasing.

- Similarly, the minimum point of the MC curve comes before the minimum point of the AVC curve. When MC is below AVC, AVC is decreasing.

- Given this, the correct option is that the MC curve's minimum point comes before both the AC and AVC curves' minimum points.

Option 3: Both (a) and (b)

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