Which of the following cost curve is never U Shaped?

CA Foundation · Business Economics · MTP · January 2025
Which of the following cost curve is never U Shaped?
(A) A. Marginal cost curves
(B) B. Average cost curve
(C) C. Average fixed cost curve
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Average fixed cost curve

Topics: Nature & Scope of Business Economics

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