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Which of the following cost curves is never ‘U’ shaped?
  • a)
    Average cost curve 
  • b)
    Marginal cost curve 
  • c)
    Total cost curve 
  • d)
    Total Fixed cost curve 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following cost curves is never ‘U’ shaped?a)A...
The total fixed curve is plotted as straight line parallel to the x axis as fixed costs do not change with the level of output produced in the short run.
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Most Upvoted Answer
Which of the following cost curves is never ‘U’ shaped?a)A...
Positive?

a) Average total cost curve
b) Marginal cost curve
c) Average variable cost curve
d) Average fixed cost curve

Answer: d) Average fixed cost curve
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Which of the following cost curves is never ‘U’ shaped?a)Average cost curveb)Marginal cost curvec)Total cost curved)Total Fixed cost curveCorrect answer is option 'D'. Can you explain this answer?
Question Description
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