JAMB - Economics (2019 - No. 58)
If AC and MC are represented on a graph, the MC curve will cut the AC curve_______
at the maximum point on the AC curve
at the highest point on the AC curve
at the minimum point on the AC curve
at the peak
Vysvětlení
MC cuts the AC curve at the minimum or lowest point at B, also MC is equal to AC at that point.