Use the following to answer question:
-(Figure: Short-Run Costs)Use Figure: Short-Run Costs.The vertical difference between curve B and curve C at any quantity of output is _____ cost.
A)marginal
B)fixed
C)average fixed
D)average variable

Question

Use the following to answer question: 
-(Figure: Short-Run Costs)Use Figure: Short-Run Costs.The vertical difference between curve B and curve C at any quantity of output is _____ cost.
A)marginal 
B)fixed 
C)average fixed 
D)average variable

Quizplus · Accepted Answer

The vertical difference between the total cost curve (curve B) and the total variable cost curve (curve C) represents the total fixed cost, which when divided by the quantity of output, gives the average fixed cost.

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