Introduction to Economics 1 Deneme Sınavı Sorusu #754075

Which of the following statements is false regarding ‘the shapes of typical cost curves’?

The behavior of TC and TVC depends on MC.

A higher APL implies a higher AVC and vice versa.

The lower the MC is, the flatter the TC and TVC curves become.

Once APL starts to fall, AVC begins to rise and generate a U shape.

When AVC and AC are above MC, additional units of production continue to decrease both averages.

Yanıt Açıklaması:

For typical cost curves, we can say that APL stands for average product of labor. Hence, given the wage rate, w, a higher APL implies a lower AVC and vice versa. So, as APL increases, AVC decreases and hits its minimum when APL is at its maximum. Once APL starts to fall, AVC begins to rise and generate a U shape. The correct answer is B.

PAYLAŞ:

SORUNUN CEVABI: B

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