Why MC crosses at AC's lowest point Flashcards
1
Q
Diagram and explain.
A
See 11th September work.
If MC is higher than AC, producing another unit must cause AC to increase and vice versa
Market structures > Why MC crosses at AC's lowest point > Flashcards
Diagram and explain.
See 11th September work.
If MC is higher than AC, producing another unit must cause AC to increase and vice versa