Exhibit 7-10
-In Exhibit 7-10, lines H, J, and K represent, respectively,
A) marginal product, average product, and total product
B) average fixed cost, average total cost, and average variable cost
C) marginal cost, average total cost, and average variable cost
D) average total cost, marginal cost, and average variable cost
E) marginal cost, average product, average total cost

Question

Exhibit 7-10 
-In Exhibit 7-10, lines H, J, and K represent, respectively,
A) marginal product, average product, and total product 
B) average fixed cost, average total cost, and average variable cost 
C) marginal cost, average total cost, and average variable cost 
D) average total cost, marginal cost, and average variable cost 
E) marginal cost, average product, average total cost

Quizplus · Accepted Answer

The lines H, J, and K in Exhibit 7-10 represent marginal cost, average total cost, and average variable cost, respectively, which are common representations in cost analysis.

Exhibit 7-10 -In Exhibit 7-10, Lines H, J, and K Represent, Respectively