Which of the following is true if the total variable cost curve is rising?
a. Average fixed cost is increasing.
b. Marginal cost is decreasing.
c. Marginal cost is increasing.
d. Average fixed cost is constant.
What is the shape of the average fixed cost curve for a firm in the short run?
a. U - shaped.
b. A curve that constantly increases as output expands and eventually approaches infinity at
high rates of output.
c. A vertical line.
d. A curve that declines as output expands and approaches the horizontal - axis when output is
large.
1
Expert's answer
2015-06-18T00:00:42-0400
Which of the following is true if the total variable cost curve is rising? a. Average fixed cost is increasing. b. Marginal cost is decreasing. c. Marginal cost is increasing. d. Average fixed cost is constant. Answer – C
What is the shape of the average fixed cost curve for a firm in the short run? a. U - shaped. b. A curve that constantly increases as output expands and eventually approaches infinity at high rates of output. c. A vertical line. d. A curve that declines as output expands and approaches the horizontal - axis when output is large. Answer - D
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