In a Graph of a Typical Firm's AFC, ATC, and AVC

question 43

Multiple Choice

In a graph of a typical firm's AFC, ATC, and AVC curves, the

• A) AVC curve crosses the MC curve at the point where the MC is at its minimum.
• B) distance between the ATC curve and the AVC curve equals the AFC.
• C) AVC curve lies above the ATC curve.
• D) ATC curve lies below the AFC curve.
• E) distance between the AVC curve and the AFC curve equals the ATC.