Q177
All the following curves are U-shaped except
A.
AVC
B.
AFC
AnswerC.
AC
D.
MC
Answer: Option B
Solution
Answer: Option B
Solution:
All the following curves are U-shaped except AFC. The AFC curve is a rectangular hyperbola in the sense that all rectangles formed by AFC are of equal sizes. The AFC curve is asymptotic to both the axes. This means that it touches neither the horizontal axis nor the vertical axis.