QUESTION 2 The reason why the average total cost curve is u shaped is because O in the beginning average fixed cost pulls it down and then average variable cost pulls it up. in the beginning average...

Extracted text: QUESTION 2 The reason why the average total cost curve is u shaped is because O in the beginning average fixed cost pulls it down and then average variable cost pulls it up. in the beginning average variable cost pulls it down and then average fixed cost pulls it up. O the firm produces less in the beginning but in large quantities later. O the firm produces large quantities in the beginning but less quantities later.