Why is MC always left to AC?
Dear student,
The relationship between AC and MC is such that when AC falls MC also falls but MC falls at a faster rate. On the other hand, when AC is rising MC also rises but at a faster rate. Accordingly, MC is always left to AC.
The relationship between AC and MC is such that when AC falls MC also falls but MC falls at a faster rate. On the other hand, when AC is rising MC also rises but at a faster rate. Accordingly, MC is always left to AC.