Which of the following curves is not U-shaped?
A) average variable cost curve
B) average fixed cost curve
C) average total cost curve
D) marginal cost curve

Question

Quizplus · Accepted Answer

The average fixed cost curve is always downward sloping and never U-shaped. This is because fixed costs are spread out over a larger level of output as production increases, leading to a reduction in average fixed costs. The other curves listed may be U-shaped because they are influenced by both fixed and variable costs, which can affect the pattern of costs over different levels of output.

Which of the Following Curves Is Not U-Shaped