![Explain the relationship between AC and MC. Can the AC curve fall when MC curve is rising? Explain it with the help of diagram. Explain the relationship between AC and MC. Can the AC curve fall when MC curve is rising? Explain it with the help of diagram.](https://search-static.byjusweb.com/question-images/byjus/infinitestudent-images/ckeditor_assets/pictures/216385/content_9.jpg)
Explain the relationship between AC and MC. Can the AC curve fall when MC curve is rising? Explain it with the help of diagram.
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microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? -
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Explain the following:(a) Average Cost (AC)(b) Why is AC curve U-shaped? from Economics Production And Costs Class 12 CBSE
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Relationship Between Marginal Cost And Average Cost Curve - Cost Analysis - study Material lecturing Notes assignment reference wiki description explanation brief detail
![a) Draw a graph to show the average total cost, average variable cost, average fixed cost and marginal cost curves for a competitive firm. (b) Assume the cost curves illustrated in part ( a) Draw a graph to show the average total cost, average variable cost, average fixed cost and marginal cost curves for a competitive firm. (b) Assume the cost curves illustrated in part (](https://homework.study.com/cimages/multimages/16/average_cost_curve6210989381513036411.png)
a) Draw a graph to show the average total cost, average variable cost, average fixed cost and marginal cost curves for a competitive firm. (b) Assume the cost curves illustrated in part (
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