Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
Which of the following are true
a) Average Fixed Cost (AFC) may become zero at very high levels of output.
b) Shape of Total Cost (TC) is affected by shape of Total Variable cost (TVC).
c) Shape of AFC is called triangular hyperbola.
Options:
a, b and c
a and b
b and c
None of these
Correct Answer:
None of these
Explanation:
Only B is true