The Average-Fixed-Cost Curve

question 340

Multiple Choice

The average-fixed-cost curve

• A)is constant.
• B)is always decreasing.
• C)intersects marginal cost at the minimum of average fixed cost.
• D)intersects marginal cost at the minimum of marginal cost.

---

Definitions:

Undue Influence

Manipulation or pressure exerted over another person, undermining their free will and leading to an unfair agreement or decision.

Liable

Being legally responsible or obligated to compensate for harm caused by one's actions or negligence.

Auction

A public sale where goods or property are sold to the highest bidder.

Mathematical Mistake

An error occurring in the process of performing mathematical calculations, often leading to incorrect results or conclusions.