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Author Question: Average fixed cost can be calculated using any of the formulas below except A) TFC/Q. B) (TC/Q) - ... (Read 153 times)

mrsjacobs44

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Average fixed cost can be calculated using any of the formulas below except
 
  A) TFC/Q. B) (TC/Q) - AVC. C) (TC - VC)/Q. D) (TC - VC)/Q.

Question 2

Which of the following statements is false?
 
  A) The difference between average total cost and average fixed cost is average variable cost.
  B) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points.
  C) Firms often refer to the process of lowering average fixed cost as spreading the overhead.
  D) When marginal cost equals average total cost, average total cost is at its highest value.


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diana chang

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mrsjacobs44

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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