The figure given below shows cost curves of a firm. Figure: 7.2
- In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.At an output level of H,average total cost is:
A)0E.
B)BE.
C)area 0EMH.
D)0B.
E)area 0BNH.

Question

The figure given below shows cost curves of a firm. Figure: 7.2 
- In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.At an output level of H,average total cost is:
A)0E. 
B)BE. 
C)area 0EMH. 
D)0B. 
E)area 0BNH.

Quizplus · Accepted Answer

The Answer of The figure given below shows cost curves of a firm. Figure: 7.2 
- In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.At an output level of H,average total cost is:
A)0E. 
B)BE. 
C)area 0EMH. 
D)0B. 
E)area 0BNH.

The Figure Given Below Shows Cost Curves of a Firm