1. On a cost chart showing AFC, AVC, and ATC, which of the following formulas is false?

A) AFC = FC / Q
B) AVC = VC / Q
C) ATC = (FC plus VC) / Q
D) ATC = AFC plus AVC
E) ATC = AFC plus VC

2. Looking at a graph of AFC, AVC, and ATC,

A) AFC remains constant as Q increases.
B) AVC continues to go down as Q increases.
C) ATC continues to go down as Q increases.
D) AFC continues to go down as Q increases.
E) ATC continues to go up as Q increases.

3. If you know your FC at zero units and you know your AVC at 10 units, you can figure the

A) FC at the 10th unit.
B) AFC at the 10th unit.
C) ATC at the 10th unit.
D) TC at the 10th unit.
E) all of the above answers are correct.