Which of the following is not correct?
A) If Average Variable Cost (AVC) are decreasing,Average Total Cost (ATC) must be decreasing.
B) AVC reaches minimum before ATC.
C) If ATC is increasing,AVC must be increasing.
D) If AVC is increasing,Marginal Cost (MC) is increasing.
E) If Average Fixed Cost (AFC) is decreasing,ATC must be decreasing.
Correct Answer:
Verified
Q27: The figure given below shows cost curves
Q28: The figure given below shows the average
Q29: The figure given below shows cost curves
Q30: The figure given below shows the average
Q31: The following table shows the cost of
Q32: The below figure shows the various combinations
Q33: The figure given below shows cost curves
Q34: The following table shows the cost of
Q36: The following table shows the cost of
Q37: The table below shows the total cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents