Question: 10. If both the marginal cost and the average variable cost curves are J-shaped, at the point of minimum average variable cost, the marginal cost

10. If both the marginal cost and the average variable cost curves are J-shaped, at the point of minimum average variable cost, the marginal cost must be

a. greater than the average variable cost.

b. less than the average variable cost.

c. equal to the average variable cost.

d. at its minimum.

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