Which of the following is true concerning cost curves?
A) TC + TFC = TVC
B) AFC + AVC = ATC
C) MC + AVC = TVC
D) TC - MC = TFC
E) ATC + MC = TC

Question

Quizplus · Accepted Answer

B) AFC (Average Fixed Cost) + AVC (Average Variable Cost) = ATC (Average Total Cost) is correct because ATC is indeed the sum of AFC and AVC, representing the average cost per unit of production including both fixed and variable costs.

Which of the Following Is True Concerning Cost Curves