From the graph below; point M shows that MC?

By: |Published on: Oct 26|Categories: Economics JAMB| 0 comments

A. cuts AC at its minimum point
B. and AC rises simultaneously
C. cuts AC at its maximum point
D. is falling

Correct Answer:

Option C – cuts AC at its maximum point

Users Also Read These:

SEE ALSO  The table below shows the combinations of beans and rice that can be purchased by a consumer. The opportunity cost of moving from K to L is?

Copyright warnings! Do not copy.