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Which of the following statement about the firm's cost curve is FALSE: A.Total fixed cost (TFC) is constant, and Total variable cost (TVC) increases as

Which of the following statement about the firm's cost curve is FALSE:

  • A.Total fixed cost (TFC) is constant, and Total variable cost (TVC) increases as output increases.
  • B.Total fixed cost (TFC) and Total variable cost (TVC) increases as output increases.
  • C.Average fixed cost (AFC) decreases as output increases.
  • D.When Marginal Cost Curve is less than Average Total Cost (ATC), ATC is falling.
  • E.The MC curve crosses the ATC curve at the ATC curve's minimum.

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