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In the short run, average total cost is less than average variable cost. sometimes higher and...

Question:

In the short run, average total cost is less than average variable cost. sometimes higher and sometimes lower than average va
In the short run, average total cost is less than average variable cost. sometimes higher and sometimes lower than average variable cost. higher than average variable cost. equal to average variable cost. QUESTION 4 1 pc If, in the short run, the level of output is zero, which of the following statement is TRUE? Total variable cost is zero but total cost equals total fixed cost, and both of the latter exceed zero. Total cost and total fixed cost graphs will begin at the origin. Total fixed cost will also be zero at first but will rise once output rises. None of these

Answers

Ans) the correct option is c) higher than average variable cost

Ans) the correct option is a) total variable cost is zero but total cost equals total fixed cost and both of the latter exceed zero

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