Q.
1
Assertion (A): In the case of short run cost behavior, MC curve intersects AC curve at its minimum
Reason (R): While Ac continues to decrease, MC begins to rise. Also, when AC is at its minium, it is neither increasing nor decreasing. It is constant when AC is constant, it is equal to MC at the point of intersection
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A
Both A) and R) true and R) is the correct explanation of A)
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B
Both A) and R) true but R) is not correct explanation of A)
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C
A) is true but R) is false
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D
A) is false but R) is true