Advertisements
Advertisements
Question
Mark the right option about the shape of the average cost curve:
Options
parallel to X-axis
U-shaped
rectangular hyperbola shape
none of these
MCQ
Advertisements
Solution
U-shaped
Explanation:
The average cost curve generally falls initially, reaches a minimum and then rises, making it U-shaped. A rectangular hyperbola describes the average fixed cost curve.
shaalaa.com
Is there an error in this question or solution?
