Which of the following statements is not correct? Answer Fixed costs are constan

Question

Which of the following statements is not correct? Answer Fixed costs are constant. Variable costs change as output changes. Average fixed costs are constant. Average total costs are typically U-shaped. Which of the following statements is not correct? Which of the following statements is not correct? Fixed costs are constant. Variable costs change as output changes. Average fixed costs are constant. Average total costs are typically U-shaped. Fixed costs are constant. Variable costs change as output changes. Average fixed costs are constant. Average total costs are typically U-shaped.

Explanation / Answer

C. Average fixed costs are constant.

This statement is not true because average fixed costs changes with change in output as the fixed costs are constant.

All other statements are true.

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