Which of the following is typically not U-shaped?
A)Average cost
B)Average variable cost
C)Average fixed cost
D)Marginal cost
E)All of the above are usually U-shaped.

Question

Quizplus · Accepted Answer

Average fixed cost (AFC) typically decreases as output increases, because the fixed costs are spread over a larger number of units. This creates a downward-sloping curve, not a U-shaped one.

Which of the Following Is Typically Not U-Shaped