Which of the Following Is True of Average Fixed Costs

question 94

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.

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Definitions:

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