Business, 17.07.2021 05:10 twhalon72

If theâ€‹ firm's average cost curves areâ€‹ U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total costâ€‹ curve? The average variable cost curve will achieve its minimum at a lower level of output than the average total cost curve because A. average total cost equals average variable cost plus average fixedâ€‹ cost, and the average fixed cost curve continues to fall as more output is produced. B. average total cost equals average variable cost minus average fixedâ€‹ cost, and the average fixed cost of production reaches its minimum at a higher level of output than the average variable cost curve . C. average total cost equals average variable cost plus average fixedâ€‹ cost, and the average fixed cost of production is constant . D. average total cost equals average variable cost plus average fixedâ€‹ cost, and the decrease in average fixed costs with output is always smaller than eventual increases in average variable costs with output. E. average total cost equals average fixed cost plus marginalâ€‹ cost, and the marginal cost curve continues to fall as more output is produced.

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If theâ€‹ firm's average cost curves areâ€‹ U-shaped, why does its average variable cost curve achie...

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