The Average Total Cost Curve

question 53

Multiple Choice

The average total cost curve

• A) increases eventually because of diminishing returns.
• B) diminishes initially because average fixed costs diminish.
• C) is U- shaped.
• D) All of the above answers are correct.

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Definitions:

Iliac Crest

The iliac crest is the top border of the ilium, one of the bones that make up the human pelvis.

Calcaneus

The largest bone in the foot, forming the heel and serving as a foundation for the rear part of the foot structure.

Cuneiform Bones

A set of three small bones in the human foot, located between the navicular bone and the first, second, and third metatarsal bones.

Metatarsal Bones

The five long bones in the foot that connect the ankle to the toes.