All of the Following Cost Curves Are U-Shaped Except One

question 60

Multiple Choice

All of the following cost curves are U-shaped except one.Which curve is not U-shaped?

• A)the marginal cost curve
• B)the average fixed cost curve
• C)the average total cost curve
• D)the average variable cost curve

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Definitions:

Compounding

The process where the value of an investment increases because the interest it earns itself earns interest.

Discounting

The process of determining the present value of a payment or series of payments that will be made in the future, often used in finance to compare investment opportunities.

Accumulate

To gather or collect items over time, often for accounting or quantitative measurement purposes.

Invested at

Typically implies allocating resources, such as time or money, into a venture, asset, or project with the expectation of receiving future returns.