Question on: JAMB Economics - 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
B
at the highest point on the AC curve
C
at the minimum point on the AC curve
D
at the peak
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Correct Option: C
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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