In the short run, the average total cost curve always lies above the average variable cost curve.False

Name: In the short run, the average total cost curve always lies above the average variable cost curve.False
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

The average total cost curve includes both fixed and variable costs, while the average variable cost curve includes only variable costs. Therefore, the average total cost curve will always lie above the average variable cost curve in the short run.

In the Short Run, the Average Total Cost Curve Always