A Firm's Short- Run Cost Curves, as Conventionally Drawn, Show

Multiple Choice

A firm's short- run cost curves, as conventionally drawn, show that

A) ATC decreases and then increases as output increases.
B) ATC = TFC + TVC
C) the MC curve intersects the AVC and ATC curves at their maximum points.
D) AVC decreases as long as MC > AVC.
E) AFC increases as output increases.