Question

which of the following is correct a Marginal cost cuts average fixed cost at the latter’s...

which of the following is correct

a

Marginal cost cuts average fixed cost at the latter’s minimum point.

b

Average fixed cost cuts marginal cost at the latter’s minimum point.

c

Marginal cost cuts average total cost at the latter’s minimum point.

d

Average variable cost cuts marginal cost at the latter’s minimum point.

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