Multiple Choice Questions on Assertion A When Average Cost is constant AC curve is at its minimum point Reason R At thi........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Assertion A When Average Cost is constant AC curve is at its minimum point Reason R At thi...........

Economics (CUET) Theory of Production and Cost
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    Assertion (A): When Average Cost is constant, AC curve is at its minimum point. 

    Reason (R): At this point, MC curve cuts AC curve, which implies MC = AC.

     

    Both Assertion (A) and Reason (R) a are true, and Reason (R) is the correct explanation of the Assertion (A).
     

    Correct Answer

    Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).

     

    Incorrect Answer

    Assertion (A) is true, but Reason (R) is false.


     

    Incorrect Answer

    Assertion (A) is false, but Reason (R) is true.

    Incorrect Answer
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    Explanation:

    Option (1) is correct.
    Explanation: MC curve cuts AC curve which means MC= AC. And in this stage, Average cost is constant and is at its minimum point.

     

    By: Parvesh Mehta
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