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The Diagram Below Shows Some Short-Run Cost Curves for a Firm

Question 140

Multiple Choice

The diagram below shows some short-run cost curves for a firm. The diagram below shows some short-run cost curves for a firm.   FIGURE 7-2 -Refer to Figure 7-2.Which of the following choices correctly identifies the cost curves in part (ii) of the figure? A) Curve 4 is the marginal cost curve. Curve 5 is the average fixed cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average total cost curve. B) Curve 4 is the average total cost curve. Curve 5 is the marginal cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average fixed cost curve. C) Curve 4 is the average fixed cost curve. Curve 5 is the average total cost curve. Curve 6 is the marginal cost curve. Curve 7 is the average variable cost curve. D) Curve 4 is the marginal cost curve. Curve 5 is the average total cost curve. Curve 6 is the average variable cost curve. Curve 7 is the average fixed cost curve. E) Curve 4 is the marginal cost curve. Curve 5 is the average variable cost curve. Curve 6 is the average fixed cost curve. Curve 7 is the average total cost curve. FIGURE 7-2
-Refer to Figure 7-2.Which of the following choices correctly identifies the cost curves in part (ii) of the figure?


A) Curve 4 is the marginal cost curve. Curve 5 is the average fixed cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average total cost curve.
B) Curve 4 is the average total cost curve. Curve 5 is the marginal cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average fixed cost curve.
C) Curve 4 is the average fixed cost curve. Curve 5 is the average total cost curve.
Curve 6 is the marginal cost curve.
Curve 7 is the average variable cost curve.
D) Curve 4 is the marginal cost curve. Curve 5 is the average total cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average fixed cost curve.
E) Curve 4 is the marginal cost curve. Curve 5 is the average variable cost curve.
Curve 6 is the average fixed cost curve.
Curve 7 is the average total cost curve.

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