SSC JE Electrical Engineering 2017 Set 4 Paper

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Question : 65 of 200

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Which of the following is true with respect to SMC (Short run marginal cost) and SAC (Short run Average cost)?

SMC curve cuts the SAC curve from above at the maximum point of SAC
SAC curve cuts the SMC curve from below at the minimum point of SMC
SAC curve cuts the SMC curve from above at the maximum point of SMC
SMC curve cuts the SAC curve from below at the minimum point of SAC

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