The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. The distance EF represents:
A) average variable cost.
B) average total cost.
C) average fixed cost.
D) marginal cost.

Question

The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  The distance EF represents:
A) average variable cost. 
B) average total cost. 
C) average fixed cost. 
D) marginal cost.

Quizplus · Accepted Answer

The Answer of The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.  The distance EF represents:
A) average variable cost. 
B) average total cost. 
C) average fixed cost. 
D) marginal cost.

The Following Graph Shows Average Fixed Costs, Average Variable Costs