Statement I: Average Total Cost Less Average Fixed Cost Equals

question 95

Multiple Choice

Statement I: Average total cost less average fixed cost equals average variable cost.
Statement II: At an output of one,average total cost is equal to total cost.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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