If the Marginal Cost Curve Is U-Shaped

question 112

Multiple Choice

If the marginal cost curve is U-shaped

• A) there are no productivity gains from specialization,only diminishing marginal product.
• B) average fixed costs are continually decreasing.
• C) there are productivity gains from specialization before diminishing marginal product sets in.
• D) the average total cost curve is continually upward sloping.
• E) the average variable cost curve is a straight line.

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