The total fixed cost is a
A) horizontal straight line
B) vertical
C) hyperbola
D) u shaped
Correct Answer:
Verified
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
Q15: In long run, which factor of production
Q16: The U shape of the average total
Q18: When AC minimum in short run
A)ac <
Q19: The shape of TVC and TC are
A)rectangular
Q20: The cost expressed not in terms of
Q21: The MC curve cuts the AC curve
Q22: The minimum point of ATC is at
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