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Which of the following cost curves is never U-shaped?

Asked on by | Votes 0 | Views: 167 | Tags: general knowledge     | commerce     | economics     | Add Bounty

Which of the following cost curves is never U-shaped?

A).  Average cost curve

B).  Marginal cost curve

C).  Average variable cost curve

D).  Average fixed cost curve


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Answered by on | Votes 1 |

 Average fixed cost curve



Average fixed cost curve is never U-shaped. The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the quantity produced increases.

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