Answer:
b. The minimum point on the average total cost curve
Explanation:
the marginal cost is the cost of making or producing one more additional unit of a product and then average total cost is the average of the total cost to produce units so if both these curves intersect then that means that will be the minimum point on the average total cost curve because at a point where if the marginal cost is less than the average cost then the average total cost will fall so the intersection point shows where the average total cost is a minimum because if its above that point the average total cost will rise.
The marginal cost curve is known to cross the average total cost curve at b. The minimum point on the average total cost curve.
This is the curve that shows the cost incurred when an additional unit of a good is produced or sold.
It initially goes down as more units are produced but then starts to rise after a certain point. It will then intersect with the lowest point on the total cost curve.
In conclusion, option B is correct.
Find out more on the marginal cost at https://brainly.com/question/16615264.
