Which one of the following is false?
A) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their maximum points.
B) When marginal cost is greater than average variable cost,average variable cost is increasing.
C) When marginal cost is greater than average total cost,average total cost is increasing.
D) The average total cost curve is U-shaped.
E) The average fixed cost curve is downward sloping.
Correct Answer:
Verified
Q86: Choose the correct equation.
A)TFC = TC/Q
B)TFC =
Q87: Which one of the following statements is
Q88: Use the figure below to answer the
Q89: Which one of the following statements is
Q90: Use the figure below to answer the
Q92: Marginal cost is equal to
A)total cost divided
Q93: The marginal cost (MC)curve intersects the
A)ATC,AVC,and AFC
Q94: Use the figure below to answer the
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Q96: Which one of the following statements is
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