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Which of the following cost curves is never ‘U’ shaped?
  • a)
    Average cost curve
  • b)
    Fixed cost curve
  • c)
    Total cost curve
  • d)
    Marginal cost curve 
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following cost curves is never ‘U’ shaped?a)A...
Average fixed cost curve is never U-shaped. The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the quantity produced increases.
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Which of the following cost curves is never ‘U’ shaped?a)A...
Provided. Could you please provide the options for the cost curves?
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Which of the following cost curves is never ‘U’ shaped?a)Average cost curveb)Fixed cost curvec)Total cost curved)Marginal cost curveCorrect answer is option 'B'. Can you explain this answer?
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