All of the following cost curves are U-shaped except
A)the marginal cost curve.
B)the average fixed cost curve.
C)the average total cost curve.
D)the average variable cost curve.

Question

Quizplus · Accepted Answer

The average fixed cost curve is a downward sloping curve, which is not U-shaped. This is because fixed costs remain constant in the short run regardless of the level of output, so as output increases, the fixed cost per unit decreases, resulting in a downward sloping curve.

All of the Following Cost Curves Are U-Shaped Except