Question

27) Which one of the following is false? A) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their maximum points. B) When marginal cost is greater than average total cost, average total cost is increasing. C) The average fixed cost curve is downward sloping. D) When marginal cost is greater than average variable cost, average variable cost is increasing E) The average total cost curve is U-shaped.