Question: If both marginal cost and the average variable cost curves are U-shaped, at the point of minimum average variable cost the marginal cost must select

If both marginal cost and the average variable cost curves are U-shaped, at the point of minimum average variable cost the marginal cost must select one:

a. less than the average variable cost

b.greater than the average variable cost

c.at its minimum.

equal to the average variable cost

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