2. The Marginal Cost curve will
a.
cut ATC at the minimum of ATC but cut AVC at a point to the left of the minimum of AVC.
d.
cut AVC at the minimum of AVC but cut ATC at a point to the right of the minimum of ATC.
b.
cut ATC at the minimum of ATC but cut AVC at a point to the right of the minimum of AVC.
e.
cut both ATC and AVC at their respective minimums
c.
cut AVC at the minimum of AVC but cut ATC at a point to the left of the minimum of ATC.
explain your answer above thoroughly--graphical, algebraically, numerically.
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