All these curves are U-shaped except
A)Average fixed cost curve
B)Marginal cost curve
C)Average variable cost curve
D)Average total cost

Name: All these curves are U-shaped except A)Average fixed cost curve B)Marginal cost curve C)Average variable cost curve D)Average total cost
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Question

Quizplus · Accepted Answer

The average fixed cost (AFC) curve is not U-shaped as it continuously decreases as output increases. This is because the fixed costs are spread out over a larger amount of output which reduces the average fixed cost.

All These Curves Are U-Shaped Except