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MC curve cuts curves at their minimum points

This question belongs to Commerce Economics
Economics
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MC curve cuts ______ curves at their minimum points

Answer & Solution
Correct Answer: Option A
MC curve cuts AVC and AC curves at their minimum points. As long as MC is less than ATC, ATC will go down with each extra unit made. At some point, MC rises to the point that it equals ATC and the curves intersect.
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