JAMB Economics 2008 Objective — Question 23

Question 23 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.

In the diagram above showing curves MC, AC, AVC and AFC, the curve shows that MC

• A. cuts AC at its minimum pointCorrect
• B. and AC rise simultaneously
• C. cuts AC at its maximum point
• D. is falling

Explanation

The diagram shows that MC cuts AC at its minimum point, and AC rises simultaneously; MC cuts AC at its maximum point D is falling.

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