Average cost curves have the same shape as
A)total cost curves.
B)marginal cost curves.
C)total fixed cost curves.
D)average fixed cost curves.

Question

Quizplus · Accepted Answer

Average cost curves are derived from dividing total cost by quantity, so they are a combination of total cost and quantity. Marginal cost is the change in total cost resulting from producing one additional unit, so it represents the cost of the last unit produced. Therefore, average cost and marginal cost have the same shape.

Average Cost Curves Have the Same Shape as