All costs are either fixed or variable costs. Therefore, the statement is true.
Average cost is not always higher than the fixed cost. Therefore, the statement is false.
The average fixed cost curve is downward sloping. Therefore, the statement is true.
In the short run, the average total cost (ATC) is always greater than or equal to the average variable cost. Therefore, it's true.
The ATC curve doesn't cross the MC curve at the lowest point on the MC curve. Therefore, it's false.
The ATC is the addition of the fixed cost and the variable cost which is then divided by the total quantity. Therefore, it's true.
The information above is given based on the complete question.
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