Question

What shape is the average curve? Why does it have this shape?

Answer 1

Explanation:

Explanation: Average cost curves are typically U-shaped, as Figure 1 shows. Average total cost starts off relatively high, because at low levels of output total costs are dominated by the fixed cost; mathematically, the denominator is so small that average total cost is large...............

Answer 2

Answer:

explanation: average cost curves are typically

U-shaped as finger 1 shows average total costs starts of relativily high because at low levels costs are dominiated by the fixed cost mathematically the dominator is so small that average total cost is so large