The average fixed cost curve:Multiple choice question.decreases for all levels of output.increases for low levels of output, then begins to decrease as output increases.increases for all levels of output.decreases for low levels of output, then begins to increase as output increases.

Average fixed cost:Group of answer choicesmay be found for any output by adding average variable cost and average total cost.declines so long as output increases.is intersected by marginal cost at its minimum point.graphs as a U-shaped curve.

28.Average fixed cost:  A. Increases as output increases  B. Remains the same whatever the level of output  C. Diminishes as output increases  D. Diminishes as output diminishes

The average fixed cost curveGroup of answer choicesalways declines with increased levels of output.always rises with increased levels of output.declines as long as it is above marginal cost.declines as long as it is below marginal cost.

For quantities occurring before the marginal cost curve and average total cost curve intersect, the average total cost curve will be:Multiple choice question.decreasing.negative.increasing.at its minimum.

A curve showing the lowest average total cost possible for any given level of output when all inputs of production are variable is the -run average cost curve