Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. Figure 8.6
-Refer to Figure 8.6. Curve 1 is Outdoor Equipment's
A) marginal cost curve.
B) average variable cost curve.
C) average total cost curve.
D) average fixed cost curve.

Question

Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.  Figure 8.6
-Refer to Figure 8.6. Curve 1 is Outdoor Equipment's
A) marginal cost curve. 
B) average variable cost curve. 
C) average total cost curve. 
D) average fixed cost curve.

Quizplus · Accepted Answer

Curve 1 is Outdoor Equipment's marginal cost curve because it shows the change in total cost that results from producing one additional unit of output.

Refer to the Information Provided in Figure 8