The Average Total Cost Curve and the Average Variable Cost

Multiple Choice

The average total cost curve and the average variable cost curve

A) are closer together as output increases, with average variable cost reaching its minimum level first
B) are closer together as output increases, with average total cost reaching its minimum level first
C) are farther apart as output increases, with average variable cost reaching its minimum level first
D) are farther apart as output increases, with average total cost reaching its minimum level first
E) are parallel to each other, and reach their minimum levels at the same rate of output