Average variable cost curve ___________.

slopes downwards at first and then upwards

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slopes upwards, then remains constant and then falls

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slopes downwards

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none of the above

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Solution

The correct option is C slopes downwards at first and then upwards
AVC curve is U-shaped due to the law of variable proportions, so AVC slopes downwards at first and then upwards.

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Average variable cost curve ___________.

The correct option is C slopes downwards at first and then upwardsAVC curve is U-shaped due to the law of variable proportions, so AVC slopes downwards at first and then upwards.

The correct option is C slopes downwards at first and then upwards
AVC curve is U-shaped due to the law of variable proportions, so AVC slopes downwards at first and then upwards.