Which of the Following Is True of Average Fixed Costs

question 139

Multiple Choice

Which of the following is true of average fixed costs in the long run?

• A) Average fixed costs start increasing.
• B) Average fixed costs are above average variable costs.
• C) There are no fixed costs in the long run, so there are also no average fixed costs in the long run.
• D) Average fixed costs intersect the marginal cost curve at its minimum point.
• E) a and b.

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Definitions:

Content Conflict

Disagreement or dispute that arises over specific issues, facts, or matters at hand in a discussion or negotiation.

Instrumental Values

Values that act as a means to an end, guiding how we achieve our goals and interact with others; they include traits like honesty, self-discipline, and independence.

Long-term Goals

Objectives or aspirations set to be achieved over an extended period, typically over several years or more.

Locus Of Control

The name given to the perceived location of the control you feel you have over events that happen to you; this control is perceived to be located within the individual (internal locus of control) or is attributed to external factors (external locus of control).