A Firm's Short-Run Cost Curves,as Conventionally Drawn,show That

question 142

Multiple Choice

A firm's short-run cost curves,as conventionally drawn,show that

• A)AFC increases as output increases.
• B)ATC = TFC + TVC.
• C)AVC decreases as long as MC > AVC.
• D)the MC curve intersects the AVC and ATC curves at their maximum points.
• E)ATC decreases and then increases as output increases.

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