Which of the following is true?
A) At some high level of output, AFC is zero.
B) If the law of diminishing marginal returns did not exist, then the marginal cost curve would not have an upward-sloping portion.
C) The marginal cost curve cuts the average variable cost curve at its midpoint.
D) There are no fixed costs in the short run.
E) none of the above
Correct Answer:
Verified
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