Economics
JAMB 2019
If AC and MC are represented on a graph, the MC curve will cut the AC curve_______
-
A.
at the maximum point on the AC curve
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B.
at the highest point on the AC curve
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C.
at the minimum point on the AC curve
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D.
at the peak
Correct Answer: Option C
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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