Match each cost curve with its usual shape.

Question 52

MediumOriginal question

List I	List II
A. TFC	I. U-shaped
B. AFC	II. Horizontal line
C. AVC	III. Rising from the origin, first at a falling then at a rising rate
D. TVC	IV. Rectangular hyperbola

A-II, B-I, C-III, D-IVCorrect answerYour answerA-II, B-IV, C-I, D-IIICorrect answerYour answerA-I, B-II, C-IV, D-IIICorrect answerYour answerA-III, B-IV, C-I, D-IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

TFC is constant: horizontal. AFC = TFC ÷ q: a rectangular hyperbola.
AVC is U-shaped; TVC starts at zero and rises, slowly at first and then faster.

Concept: Shapes of the cost curves
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsThe shapes of the cost curves

Practise this chapter →

Ten questions from Cost Curves, at your own pace.

Practise this chapter →

Ten questions from Cost Curves, at your own pace.

Match each cost curve with its usual shape.

Question 52

Explanation