A Firm's Short- Run Cost Curves, as Conventionally Drawn, Show

question 88

Multiple Choice

A firm's short- run cost curves, as conventionally drawn, show that

• A) ATC decreases and then increases as output increases.
• B) ATC = TFC + TVC
• C) the MC curve intersects the AVC and ATC curves at their maximum points.
• D) AVC decreases as long as MC > AVC.
• E) AFC increases as output increases.

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Ergs

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