Which of the Following Is Not a Property of a Firm's

question 514

Multiple Choice

Which of the following is not a property of a firm's cost curves?

• A)Marginal cost must eventually rise as a result of diminishing marginal product.
• B)Average total cost is U-shaped.
• C)Economies of scale will exist when average total cost falls as output rises.
• D)Average total cost will cross marginal cost at the minimum of marginal cost.

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