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Cost Curves · Question 42 of 62

Question 42

EasyOriginal question

The short-run AVC, AC and MC curves are usually

Options for question 42

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. They fall at first and rise later, because the marginal product of the variable input first rises and then diminishes.

Concept
Shape of the short-run cost curves
Typical time
40 s
Your time
—
The rule this testsThe shapes of the cost curves
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Ten questions from Cost Curves, at your own pace.

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