Which of the following has a U shape?
A) average fixed cost curve
B) total cost curve
C) average variable cost curve
D) total variable cost curve
Correct Answer:
Verified
Q4: If a firm's average cost is Rs.32
Q5: The cost that cannot be recovered once
Q6: The saucer-type of modern Short run Average
Q7: The Long run Average Cost curve (LAC)
Q8: Under increasing returns to scale, which of
Q10: AFC curve will always be
A)rectangular hyperbola
B)u shaped
C)horizontal
D)downward
Q11: Implicit cost of a factor of production
Q12: Economic cost include both
A)explicit cost and implicit
Q13: The U shape of MC curve reflects
A)economies
Q14: Envelope curve is
A)long run marginal cost curve
B)long
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