Refer to the following graph. This set of cost curves is:
A) correct.
B) wrong because the average total cost and the marginal cost curves are reversed.
C) wrong because the average fixed cost curve is drawn incorrectly.
D) wrong because the average fixed cost curve is shown to be below the average variable cost.

Question

Refer to the following graph.  This set of cost curves is:
A) correct. 
B) wrong because the average total cost and the marginal cost curves are reversed. 
C) wrong because the average fixed cost curve is drawn incorrectly. 
D) wrong because the average fixed cost curve is shown to be below the average variable cost.

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  This set of cost curves is:
A) correct. 
B) wrong because the average total cost and the marginal cost curves are reversed. 
C) wrong because the average fixed cost curve is drawn incorrectly. 
D) wrong because the average fixed cost curve is shown to be below the average variable cost.

Refer to the Following Graph