If AC and MC are represented on a graph, the MC curve will cut the AC curve?

By: |Published on: Jan 7|Categories: Economics WAEC| 0 comments

A. at the maximum point on the AC curve
B. at the highest point on the AC curve
C. at the minimum point on the AC curve
D. at the peak

Correct Answer: Option C

C. at the minimum point on the AC curve

Explanation

MC cuts the AC curve at the minimum or lowest point at B, also MC is equal to AC at that point.

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