RELATIONSHIPS BETWEEN SHORT RUN COST CURVES/
IN THIS VIDEO I HAVE DISCUSSED WHY SHORT RUN MC CURVE HITS THE SHORT RUN AC CURVE AT THE LATER'S MINIMUM POINT. IN THIS VIDEO IT IS SHOWN THAT THE MC CURVE INTERSECTS THE AC CURVE AT THE LATER'S MINIMUM POINT AND WHEN AC FALLS MC CURVE LIES BELOW AC CIRVE AND WHEN AC RISES MC CURVE LIES ABOVE AC CURVE. I HAVE USED NUMERICAL EXAMPLE, DIAGRAMS AND CALCULUS TO EXPLAIN THE RELATIONSHIP IN THREE DIFFERENT WAYS.