Which of the following is true of average fixed costs in the long run? a. Averag

Question

Which of the following is true of average fixed costs in the long run? a. Average fixed costs start increasing. b. Average fixed costs are above average variable costs. c. Average fixed costs are equal to zero since there are no fixed costs in the long run. d. Average fixed costs intersect the marginal cost curve at its minimum point. e. a and b. Which of the following is true of average fixed costs in the long run? Average fixed costs start increasing. Average fixed costs are above average variable costs. Average fixed costs are equal to zero since there are no fixed costs in the long run. Average fixed costs intersect the marginal cost curve at its minimum point. a and b. a. Average fixed costs start increasing. b. Average fixed costs are above average variable costs. c. Average fixed costs are equal to zero since there are no fixed costs in the long run. d. Average fixed costs intersect the marginal cost curve at its minimum point. e. a and b.

Explanation / Answer

Which of the following is true of average fixed costs in the long run?

b.Average fixed costs are above average variable costs.

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