One of the Most Important Properties of Cost Curves Is

question 397

Multiple Choice

One of the most important properties of cost curves is that

• A) for most producers,the average total cost curve never crosses the marginal cost curve.
• B) the average fixed cost curve must eventually rise.
• C) the average total cost curve first rises,then falls with increased output.
• D) the marginal cost curve eventually rises with the quantity of output.