The following are five statements about short run cost curves.

(A) The Marginal Cost (MC) curve cuts both short run Average Cost (AC) curve and Average Variable Cost (AVC) curve at their lowest point.

(B) The MC curve cuts AC curve from below, but nothing can be said about AVC curve.

(C) The distance between Total Cost (TC) curve and Total Variable Cost (TVC) curve gets reduced as quantity increases.

(D) The Average Fixed Cost (AFC) curve is asymptotic to the cost axis.

(E) The AC curve is u-shaped.

Choose the correct answer from the options given below: