Figure 7.1
-Refer to Figure 7.1. The diagram above contains ________ cost curves.
A) short run
B) intermediate run
C) long run
D) both short run and long run.

Question

Figure 7.1
-Refer to Figure 7.1. The diagram above contains ________ cost curves.
A) short run 
B) intermediate run 
C) long run 
D) both short run and long run.

Quizplus · Accepted Answer

The diagram typically contains short run cost curves, which include average total cost, average variable cost, and marginal cost, reflecting costs that vary with output in the short term.

Figure 7.1 -Refer to Figure 7.1. the Diagram Above Contains ________ Cost