-What Is the Relationship Between the Average Fixed Cost (AFC)

question 50

Multiple Choice

-What is the relationship between the average fixed cost (AFC) curve and the marginal cost (MC) curve?

• A)The MC curve intersects the AFC curve at its minimum point.
• B)When the MC curve is above the AFC curve, AFC must be increasing.
• C)Both a and b are true.
• D)There is no relationship between the AFC curve and the MC curve..

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