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Cost Curves · Question 43 of 62

Question 43

MediumOriginal question

The AFC curve is a rectangular hyperbola because

Options for question 43

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. AFC = TFC ÷ q, so AFC × q = TFC, a constant.

  2. A curve on which the product of the two coordinates is constant is a rectangular hyperbola: it keeps falling but never touches either axis.

Concept
Shape of AFC
Typical time
70 s
Your time
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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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