State whether the statement are true or false. 1. TC never becomes ze – InterviewSolution

1.

State whether the statement are true or false. 1. TC never becomes zero. 2. AC is sum total of AFC and AVC. 3. When AC rises, AC and MC are equal 4. Real cost is the cost in money terms 5. TFC curve is U shaped

Answer»

1. True

2. True

3. False

4. False

5. False

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