Which of the following cost curves is most often drawn with a U shape?
A) Marginal cost
B) Fixed cost
C) Total cost
D) Average fixed cost

Name: Which of the following cost curves is most often drawn with a U shape? A) Marginal cost B) Fixed cost C) Total cost D) Average fixed cost
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Question

Quizplus · Accepted Answer

The marginal cost curve is typically U-shaped due to initially decreasing marginal costs with increasing production, followed by increasing marginal costs as production continues to rise.

Which of the Following Cost Curves Is Most Often Drawn