Question: Why is the average total cost curve U - shaped? The average total cost curve slopes downward at low output levels because and it slopes

Why is the average total cost curve U-shaped?
The average total cost curve slopes downward at low output levels because and it slopes upward at high output levels because
A. average fixed cost falls; marginal returns increase
B. average fixed cost falls; marginal returns decrease
C. marginal returns decrease; marginal returns increase
Why is the average total cost curve U - shaped?

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