Which of the following curve cannot be u-shaped?

CA Foundation · Business Economics · MTP · January 2025
Which of the following curve cannot be u-shaped?
(A) A. Average total cost
(B) B. Average variable cost
(C) C. Average fixed cost
(D) D. Marginal cost

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Average fixed cost

Topics: Money Market

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