Which of the following cost curves is never U-shaped?

Total cost curve

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Marginal cost curve

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Average variable cost curve

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Total fixed cost curve

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Solution

The correct option is D Total fixed cost curve
The total fixed curve is plotted as straight line parallel to the x axis as fixed costs do not change with the level of output produced in the short run.

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Similar questions

State the behavior of Total Variable Cost. Draw Total Variable Cost, Total Cost and Total Fixed Cost curves in a single diagram

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Draw total variable cost, total cost and total fixed cost curves in a single diagram, and explain the figure.

Q. Why are total cost curve and variable cost curve parallel to each other?

Q. Which of the following cost curve is never U-shaped?

a) Why is Total Variable Cost curve inverse S- shaped?
b) What is Average Fixed Cost of a firm? Why is an Average Fixed Cost Curve a rectangular Hyperbola? Explain with help of a diagram.

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Which of the following cost curves is never U-shaped?

The correct option is D Total fixed cost curveThe total fixed curve is plotted as straight line parallel to the x axis as fixed costs do not change with the level of output produced in the short run.

The correct option is D Total fixed cost curve
The total fixed curve is plotted as straight line parallel to the x axis as fixed costs do not change with the level of output produced in the short run.